European Banking Authority May Veto Large Stablecoins During MiCA Approval Process

The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they fear private and permissionless blockchains could threaten monetary policy.
Over the next few months, Campa will work on the precise and detailed rules to implement the much-anticipated European Union’s Markets in Crypto Assets regulation (MiCA) framework....
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