EU central banks want more sovereign bonds in stablecoin reserves
Micar review proposals include severing crypto interdependence with rival banks
The European Central Bank and all 27 national central banks of European Union member states have called for a higher share of sovereign bonds in stablecoin reserves, as the bloc reviews its flagship digital asset legislation, Markets in Crypto-Assets Regulation (Micar).
The European Commission is the executive arm of the European Union and has the power to propose new laws. In response to its consultation – opened in May and closing at the end of September – the European System of Central Banks
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