Confusion reigns over EU multi-issuance stablecoins regs
EBA seeking clarification from EC over assets’ legality after ECB’s and ESRB’s calls for ban
The European Banking Authority (EBA) is seeking clarification from the European Commission (EC) on whether multi-issuance stablecoins are allowed under the European Union’s crypto regulations. The request came after the European Central Bank and the European Systemic Risk Board (ESRB) sought to ban the issuance model.
The strict rules applicable to any EU-incorporated issuer – which state that its stablecoin must maintain a fully backed reserve in at least one member state – would not apply to
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com test test test
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test
More on Crypto Assets
IMF has no mandate for SDR stablecoin, says Tobias Adrian
Fund’s capital markets head says backstops are also crucial if instruments are to live up to their name
Japan will not implement Basel crypto regs by 2026, says FSA
Regulator cites country’s limited exposure to digital assets as reason for not meeting deadline
Brazil tightens crypto rules amid fears of capital outflow
Stablecoin transactions will be treated as FX operations under new central bank regulations
BoE proposes changes to systemic stablecoin regime
Breeden says aim is to ‘build trust’ as issuers no longer have to hold 100% of reserves at bank
BoK denies dollar stablecoins threaten monetary sovereignty
South Korean central bank remains cautious about won-backed instruments as legislation moves forward
Kyrgyzstan to pursue digital strategy with Zhao
Country’s president calls Binance founder “trusted adviser” following controversial pardon by Trump
Stablecoin rules should extend beyond issuers – FSI report
Some platforms offer yield-bearing products based on digital assets, latest brief points out
ESRB says central banks may be forced to intervene in stablecoin crises
New report lists concerns around regulatory arbitrage, de-pegging and monetary sovereignty