The European Central Bank and national central banks across the European Union have called for MiCA’s stablecoin remuneration ban to cover lending, borrowing, staking and other arrangements that can generate indirect returns for token holders.
Summary
- ECB backed central banks want MiCA’s stablecoin yield ban extended to lending, borrowing and staking products.
- The ESCB said indirect returns could allow platforms to turn stablecoins into yield bearing arrangements despite existing restrictions.
- Central banks proposed replacing MiCA’s minimum bank deposit requirements with reserve rules based on one to five day liquidity.
According to the European System of…
