European Ministers Call on EU Commission to Regulate Stablecoins

2020-9-12 18:11

Finance ministers from five European countries have called on the EU Commission to introduce tough regulation for stablecoins.

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European Countries Support EU Stablecoin Regulation

European countries are in favor of regulating fiat-backed cryptos, stablecoins. Spain, Italy, France, Germany, and the Netherlands backed the European Commission’s goal to regulate stablecoins. Until the regulatory, legal, and oversight challenges have been addressed, the five countries said on Friday that stablecoins should not be allowed to operate in the EU.

2020-9-12 19:58