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2026-10-01 20:09:17 UTC

Blockchain Report on Nostr: Circle urges EU Commission to retain MiCA's multi-issuance for stablecoins & create ...

Circle urges EU Commission to retain MiCA's multi-issuance for stablecoins & create equivalence system for regulated non-EU stablecoins. Concerns raised on reserve requirements (30% commercial banks, 60% EMD increase) citing credit/counterparty risk, suggesting liquidity focus instead. Also recommended removing EBA's single sovereign asset cap (35%) & bank exposure limits (1.5%) for reserve flexibility.

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