Circle is asking the EU to rethink MiCA reserve rules for stablecoin issuers 💶
The company says mandatory bank deposits expose issuers to banking-sector and counterparty risks.
Circle wants fixed deposit minimums replaced with a more flexible liquidity requirement.
The proposal also targets limits on sovereign and individual bank exposure 📊
Circle is also urging the EU to preserve multi-issuance for stablecoins 🌍
Other industry groups called for clearer rules on perpetuals, token classification and stablecoin safeguards ⚖️
The consultation closed Wednesday, with responses expected to shape the Commission's assessment of MiCA 📝
Today's Pill - the stablecoin industry is pushing for more flexible regulation as crypto markets and their risks continue to evolve 🔄
The company says mandatory bank deposits expose issuers to banking-sector and counterparty risks.
Circle wants fixed deposit minimums replaced with a more flexible liquidity requirement.
The proposal also targets limits on sovereign and individual bank exposure 📊
Circle is also urging the EU to preserve multi-issuance for stablecoins 🌍
Other industry groups called for clearer rules on perpetuals, token classification and stablecoin safeguards ⚖️
The consultation closed Wednesday, with responses expected to shape the Commission's assessment of MiCA 📝
Today's Pill - the stablecoin industry is pushing for more flexible regulation as crypto markets and their risks continue to evolve 🔄
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