The EU Works on New Stablecoin Guidance Principles

March 14, 2024 Tóth Balázs
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The European Union’s financial regulatory authority aims to incorporate additional stablecoin regulatory guidance into the regulatory framework for crypto asset markets (MICA). These new proposals detail procedures and standards necessary for stablecoin issuers to effectively address complaints. The European Banking Authority (EBA) has clearly stated that the framework should support innovation and fair competition while providing a high level of protection for retail owners.
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