EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows

EU Commission Favors Ban on Large-Scale Stablecoins, Document Shows


National ministers, who meet in a body known as the Council of the EU, want to stop rivals to fiat from operating if they become too popular. Under their plans, regulators could order the issuers of any stablecoin exceeding 200 million euros (US$211 million) and 1 million transactions daily to cease issuances until these figures come back below the threshold.

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