EU risk watchdog calls for urgent safeguards on stablecoins

EU Watchdog Sniffs Out Vulnerabilities in Multi-Issuer Stablecoins

Europe’s financial risk regulator wants stronger regulations governing “multi-issuer” stablecoins. At its meeting Thursday (Oct. 2), the European Systemic

EU risk watchdog demands urgent safeguards on stablecoins - Cryptopolitan

The EU’s financial risk watchdog, the European Systemic Risk Board (ESRB), has formally demanded immediate protections for stablecoins that were partially issued in the EU. The EU has put in place one of the world’s strictest regimes on crypto assets. However, policymakers worry that issuers originating from outside the bloc enjoy easier regulation and could import financial risk. “The General Board stressed that third country multi-issuer schem…

EU risk watchdog calls for urgent safeguards on stablecoins

OpenAI’s valuation, Challenger layoffs data in focus - what’s moving markets FRANKFURT (Reuters) -The European Union’s financial risk watchdog called on Thursday for urgent safeguards on stablecoins only partly issued in the bloc, echoing a warning from the European Central Bank, which is worried…