AMID THE UST SAGA EU COMMISSION ADVOCATES BAN ON LARGE SCALE STABLECOINS

Officials May Be Siding With

Officials may be siding with the views of European Union finance ministers, who have proposed tough measures aimed at stopping the likes of Facebook's now

According to a document seen by CoinDesk, the European Commission is considering a ban on the widespread use of stablecoins in place of fiat currency.

EU Clash: ECB and European Commission at Odds Over Dollar

The Tough Approach Could See

EU Commission Favors Ban on Large-Scale Stablecoins; Global

EU Commission considers ban on large-scale stablecoins

The tough approach could see rivals to fiat currency outlawed in the bloc.

The European Commission Has Rejected

US Secretary of the Treasury Janet Yellen has called for far greater regulation of the stablecoin market amid last week’s unprecedented volatility of TerraUSD

Crypto Regulatory Affairs: Yellen calls for greater stablecoin

The European Commission has rejected the ECB’s assessment as “overstated,” insisting that existing MiCA provisions provide adequate oversight of dollar

The European Commission Is Supporting

The Commission of the European Union supports the massive

The European Commission is supporting the massive-scale ban on stablecoins in order to stop them from becoming widely used in place of fiat currency

The European Commission is thinking of significant restrictions on the potential of stablecoins to be extensively utilised as a substitute

EU Commission Favors Ban on Large-Scale Stablecoins, Document

EU Commission Supports Ban On Large-Scale Stablecoins