The post EU Might Relax MiCA Rules on Stablecoins Despite ECB Warnings appeared on BitcoinEthereumNews.com.

Rumors suggest that the European Commission is about to slightly relax MiCA rules on EU stablecoins. Specifically, it aims to make non-approved stablecoins in global markets interchangeable with certified EU-only ones. The European Central Bank (ECB) strenuously disagreed with the proposal, instead advocating for a digital euro CBDC. It warns of risks to European bank stability, but ignoring stablecoin growth is risky too. MiCA’s Impact on EU Stablecoins Since MiCA took effect in December 2024, the European crypto landscape has changed dramatically. Indeed, perhaps it’s changed too dramatically. The global stablecoin market is heating up, but its biggest token issuer quit the EU market due to MiCA without its business suffering. Now, some regulators are considering a few changes. According to a report from Reuters, European Commission officials may loosen MiCA’s requirements on stablecoins soon. To be clear, it won’t make the licensing process any less stringent. Instead, if one company issues an EU-specific token and a global version, it’ll soon be able to offer both assets to Europeans interchangeably. This might seem like a minor distinction, but it already caused issues in March. Ethena attempted to get MiCA licensing for its German branch to issue stablecoins but was denied. Soon after, the company left the continent altogether. If this rule changes, any company that wins approval for one asset will basically be able to operate freely in the EU. However, reports suggest that the ECB is having an issue with the proposal. The regulator already advocated changing MiCA rules in April, but it proposed tightening stablecoin restrictions even further. Instead, it aimed for a “digital euro” CBDC, considering it a way to diverge from Trump’s policies. ECB President Christine Lagarde reiterated this position Monday: Lagarde: Accelerating progress towards a digital euro is a key priority. It would help safeguard…

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Filed under: News - @ June 26, 2025 12:28 am