EU To Enforce Stricter Rules on Stablecoin Issuers

Thursday, 27 June 2024, 13:41
The European Banking Authority is set to implement new regulatory guidelines impacting stablecoin issuers in the EU. With a final report expected by the end of the month, issuers are racing against time to comply with the impending rules. The move signals a shift towards tighter oversight of stablecoin projects within the region, prompting issuers to reassess their operations and compliance strategies.
CoinDesk
EU To Enforce Stricter Rules on Stablecoin Issuers

EU's Regulatory Deadline Nears for Stablecoin Issuers

The European Banking Authority is set to implement new regulatory guidelines impacting stablecoin issuers in the EU.

Issuers Under Time Pressure

  • Compliance Deadline: EU issuers urged to adapt to new rules soon.
  • Monitoring Mechanisms: EBA to enforce stricter oversight on stablecoin projects.

The move signals a shift towards tighter oversight of stablecoin projects within the region, prompting issuers to reassess their operations and compliance strategies.

Do you want to advertise here? Contact us
Do you want to advertise here? Contact us
Newsletter

We carefully select news from the world of finance and publish it for our users. We understand the importance of reliable and up-to-date information for people in the financial world. Do you want to receive news in a convenient format and always have it at hand — subscribe to our newsletter and make your analytical work more effective.

Subscribe