European Commission to Loosen MiCA Rules Despite ECB Warnings

Rumors suggest that the European Commission is about to slightly relax MiCA rules on EU stablecoins. Specifically, it aims to make non-approved stablecoins in global markets interchangeable with certified EU-only ones. The European Central Bank (ECB) strenuously disagreed with the proposal, instead advocating for a digital euro CBDC. It warns of risks to European bank stability, but ignoring stablecoin growth is risky too source: https://beincrypto.com/eu-mica-rule-change-stablecoins-digital-euro/