ECB Wants Stablecoin Yield Ban Expanded Across Crypto Lending and Staking
The central banks want the EU to extend interest bans, regulate staking and DeFi, and give ESMA direct oversight of crypto firms.
9 Articles
9 Articles
ECB wants stablecoin yield ban expanded across crypto lending and staking
The European Central Bank and national central banks across the European Union have called for MiCA’s stablecoin remuneration ban to cover lending, borrowing, staking and other arrangements that can generate indirect returns for token holders. According to the European System…
ECB calls for tougher EU crypto rules and curbs on dollar stablecoins
Europe's central banks want the EU's crypto rules tightened, calling for a wider ban on interest payments on stablecoins, new powers to curb tokens pegged to foreign currencies such as the US dollar, and EU-level supervision of crypto firms.
The European Central Bank (ECB) opens a new front in the regulation of stablecoins, asking to also prohibit indirect yields generated through lending and staging. The request comes from the European System of Central Banks (ESCB), which brings together the ECB and the national central banks of the European Union. In a 57-page response to the consultation of [...]
The European Central Bank (ECB) claims that larger cryptoactive service providers should be required to establish an intermediate parent company in the European Union (EU).
A report on the position of European central banks proposes a possible extension of restrictions on stablecoins returns to include loans and crypto stacking. The proposal does not yet have formal details, but adds regulatory pressure on the sector and increases uncertainty about the prospects of ETH.
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