Brussels set to disregard ECB warnings over stablecoin rules

European Commission set to disregard ECB warnings over stablecoin rules ...

Brussels set to disregard ECB warnings over stablecoin rules, FT reports

The European Commission is set to announce new rules for the fast-growing stablecoin market in the coming days, despite warnings from the European Central Bank (ECB) that the proposed standards could destabilise the region's banks during periods of market volatility, the Financial Times reported on Wednesday.

Brussels set to disregard ECB warnings over stablecoin rules

European Commission poised to propose treating stablecoins issued outside bloc as interchangeable with EU versions

EC’s Soft Tone On Foreign Stablecoins Sparks Optimism - Invest In Crypto News

The European Union’s main executive body has taken a soft approach toward stablecoins, contrasting with that of the European Central Bank (ECB) and sparking industry optimism. In response to ECB concerns on potential bank run risks stemming from stablecoin multi-issuance in Europe and third countries, the European Commission (EC) said such risks are “highly unlikely.” A spokesperson for the Commission told Cointelegraph, “Even in the highly unli…

European Commission downplays stablecoin risks, counters ECB warning

In response to ECB concerns on bank run risks stemming from a stablecoin multi-issuance in Europe and third countries, the European Commission said such risks are “highly unlikely.”