Over 50,000 Europeans have signed a campaign by Stand With Crypto EU urging the European Union to allow regulated stablecoins to offer rewards to their holders during the MiCA regulation review. MiCA’s current interest payment prohibition puts these digital assets at a disadvantage compared to traditional bank deposits. Stand With Crypto EU’s CEO emphasized that Europe must remain competitive with the United States, which has chosen to support stablecoins as the settlement layer for tokenization. Simultaneously, the European Central Bank and European System of Central Banks have warned that permitting rewards could weaken bank lending and monetary policy transmission.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
