European Banking Authority calls for early adoption of stablecoin standards By Cointelegraph
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In advance of required regulations expected in the coming year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily follow certain “guiding principles” on risk management and consumer protection.
On July 12, the European Banking Authority (EBA) released its first set of measures for public comment to clarify the Markets in Crypto-Assets regulation (MiCA) requirements for issuing a stablecoin set to take effect on June 30, 2024. The measures contain clauses such as a perpetual right of redemption and guidelines for managing complaints.
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© Reuters.
In advance of required regulations expected in the coming year, the banking watchdog for the European Union asked stablecoin issuers to voluntarily follow certain “guiding principles” on risk management and consumer protection.
On July 12, the European Banking Authority (EBA) released its first set of measures for public comment to clarify the Markets in Crypto-Assets regulation (MiCA) requirements for issuing a stablecoin set to take effect on June 30, 2024. The measures contain clauses such as a perpetual right of redemption and guidelines for managing complaints.
Continue Reading on Coin Telegraph
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