Europe’s MiCA framework will enforce new bank reserve requirements for stablecoin issuers, raising concerns about systemic risks and stability.
European Union news
The rebuttal critiques several arguments made by the ECB paper’s authors earlier this month that argued Bitcoin’s price should be regulated or outright banned.
Chainalysis faces a $650 million defamation lawsuit, the EU’s ESMA pushes for MiCA amendments, Cyprus and Ireland scramble to align with regulations, and Italy plans to hike tax on Bitcoin.
The European Union unveiled the Trusted Investors Network at a meeting in Athens, Greece, to attract venture capital to deep-tech sectors like biotechnology and AI.
Since its introduction in 1999, the euro has lost approximately 85% of its value against gold due to monetary inflation.
While MiCA is seen as a net positive for stablecoin regulation, it introduces consolidation concerns, especially among small crypto firms.
India’s central bank governor has warned of financial risks linked to AI dominance in finance, echoing concerns from global financial authorities.