The EU Just Sided With Crypto Stablecoins Over Central Bank Warnings—Here’s Why Circle And Others Are Celebrating
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Europe’s landmark crypto regulations are proving resilient to pressure from the continent’s most powerful central bank, as the European Commission signaled on Oct. 10 it won’t impose additional restrictions on stablecoin companies despite urgent warnings from the European Central Bank about financial stability risks, according to Reuters.
The decision represents a significant victory for major stablecoin issuers like Circle Internet Group Inc. (NASDAQ:CRCL) and settles, at least for now, a heated dispute over whether multinational crypto firms can treat tokens issued within the EU as interchangeable with those held…
