Brussels is poised to announce new rules for the fast-growing stablecoin market, shrugging off warnings from the European Central Bank that the standards could destabilise the region’s banks during periods of market volatility.
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Brussels set to disregard ECB warnings over stablecoin rules
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The European Central Bank has strongly opposed the European Commission’s plan to allow foreign stablecoins, warning that such a move could trigger financial instability and put strain on EU banks during periods of market stress
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