The European Banking Authority has urged the European Commission to consider bringing crypto lending under MiCA as part of its review of the EU’s digital asset regulatory framework, including cases where crypto asset service providers give customers access to decentralized lending protocols. The regulator also called for stronger rules on multi-issuer stablecoins and clearer crypto asset classifications. MiCA entered full application in December 2024, with 39 electronic money tokens issued as of September 1 and no asset referenced tokens authorized. The European Commission is conducting a consultation open through September 30 that could ultimately lead to legislative changes.
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