Stablecoins Stability & Regulation: EU Parliament’s Call for Non-EU Oversight
In a recent report, the European Parliamentary Research Service (EPRS) emphasized the necessity for stringent oversight from non-European Union regulators to enhance stability and growth in the worldwide cryptocurrency market. This comes in light of the Markets in Crypto-Assets Regulation (MiCA) Act, due for implementation by December 2024.
The report warned about potential risks to the EU’s financial system and autonomy due to dependency on non-EU countries’ policies, particularly wher
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