
Europe’s central banks want to scrap this stablecoin reserve safeguard
The proposed MiCA change challenges mandatory bank deposits as Britain's systemic sterling stablecoin code reaches its consultation deadline.
16 articles from 8 sources. Only labels with confidence ≥ 0.6 are counted; quotes are the evidence.
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„EU central banks attack MiCA rules and stablecoin runs are blamed”
CryptoSlate ↗„Now the ECB Wants It Gone”
BeInCrypto ↗
The proposed MiCA change challenges mandatory bank deposits as Britain's systemic sterling stablecoin code reaches its consultation deadline.

The reported plan swaps mandatory bank deposits for one-day and five-day liquidity tests, shifting where redemption risk lands.

European central banks have echoed Tether’s warning about MiCA’s bank-deposit rule while maintaining broader objections to USDT’s operating model.

The European Central Bank and the EU’s 27 national central banks have asked regulators to replace MiCA’s 30% and 60% bank-deposit floors for stablecoin reserves with maturity-based liquidity requirements. The European System of Central Banks said in its response to…

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. According to the European System…
The ECB and 27 EU central banks urge Brussels to scrap the MiCA bank-deposit rule Tether refused to accept.

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.

The ECB's proposal to replace MiCA's stablecoin reserve rule with liquidity-focused requirements could enhance financial stability and flexibility.

David Ripley, co-head of Kraken, a leading U.S. crypto exchange, commented that Europe has taken a more pragmatic approach to crypto regulation, adopting a less belligerent stance when delivering market rules like MiCA, which bring clarity to the industry. Kraken CO-CEO David Ripley Praises Europe’s Crypto Regulation Industry figureheads are still examining the landscape of […]

Binance MiCA license plans in Greece collapsed after an unconfirmed report of ECB pressure, with no official confirmation of a veto.

Some of the most consequential financial rules begin with surprisingly little text. For example, on page 36 of the European Commission's current MiCA review, item 66 asks whether Europe's treatment of staking is adequate and, if it isn't, what requirements should apply to companies providing staking services. The question is brief, but the consequences wouldn't […]

Will Binance secure a MiCA approval under ESMA authority as pushed by ECB President?
Banks have doubled their presence on the European Union’s MiCA register to about 80 institutions in less than three months, raising their share of listed crypto providers to nearly 23%. According to an analysis of European Securities and Markets Authority…

A BaFin official has warned that centralized EU crypto supervision could place extra burdens on firms while reducing flexibility in applying MiCA rules. Centralized MiCA supervision could reduce flexibility The European Blockchain Convention’s Day 2 briefing attributed the warning to…

The increasing involvement of banks in the EU's crypto market could accelerate mainstream adoption and reshape financial landscapes.

Banks now represent nearly one in four providers on ESMA’s MiCA register after roughly doubling their presence since late June.


Binance has kept its European licensing plans open after declining to address a report that European Central Bank President Christine Lagarde intervened in its failed Greek MiCA application. According to a Sept. 18 Wall Street Journal report, a vice chair…

Binance declined to address reports of ECB intervention in its Greek MiCA bid, saying it remains committed to securing authorization in Europe.

WSJ reports Christine Lagarde opposed Binance’s Greek MiCA license bid as the exchange remains without EU-wide authorization after withdrawing.