European Central Bank Calls for Proactive Stablecoin Regulation

[sirty143]

European Central Bank Calls for Proactive Stablecoin Regulation

The European Central Bank says global stablecoins require clear regulatory structure... See more for yourself here.

Your opinion is greatly appreciated.

[MrSpasybo]

I think the current EU issue regarding stable coins is: should they use stable coins? How to use it will be considered after they find a mechanism to ensure its proof of the reserves.

[Fenix]

Of course, any stable coins, that is, private stable coins, stable coins of various commercial structures or stable coins of states, must have a clear international legal framework. All this is still in motion. Practical work on the creation and functioning of stable coins is far ahead of the activities of regulatory authorities in the field of finance. This will all be resolved over time.

[kent47400]

From rules like this then this is proof if a stable coin from cryptocurrency that has a large cvolume has been accepted by Europe and this evidence is also recognized by Europe for USDT and USDC.
I'm not sure about the other stable coins because the proactive ones in my eyes are USDT and USDC.

The BUSD aka Binance USD is not yet fully proactive in the entire crytpocurrency market because BUSD was just launched early 2020 and it is still new.