The ECB and EU central banks want to replace MiCA’s stablecoin bank-deposit requirements with liquidity thresholds, warning that sudden withdrawals could strain lenders.
[Updated 15:33 UTC, Sept. 22 with comment from Tether CEO Paulo Ardoino in final paragraph.]
The European Central Bank (ECB) and EU central banks want to replace mandatory bank-deposit thresholds for stablecoin reserves with new liquidity requirements, arguing that large stablecoin deposits could create liquidity risks for banks.
The European System of Central Banks (ESCB) called for removing rules requiring at least 30% of reserves, or 60% for significant stablecoins, to be held as bank deposits. The proposal came in the ESCB’s response, published Tuesday, to the European Commission’s review of the Markets in Crypto-Assets Regulation (MiCA).
You can get bonuses upto $100 FREE BONUS when you:
💰 Install these recommended apps:
💲 SocialGood - 100% Crypto Back on Everyday Shopping
💲 xPortal - The DeFi For The Next Billion
💲 CryptoTab Browser - Lightweight, fast, and ready to mine!
💰 Register on these recommended exchanges:
🟡 Binance🟡 Bitfinex🟡 Bitmart🟡 Bittrex🟡 Bitget
🟡 CoinEx🟡 Crypto.com🟡 Gate.io🟡 Huobi🟡 Kucoin.
Comments