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Brussels set to disregard ECB warnings over stablecoin rules, FT reports
The European Commission is set to announce new rules for the fast-growing stablecoin market in the coming days, despite warnings from the European Central Bank (ECB) that the proposed standards could destabilise the region's banks during periods of market volatility, the Financial Times reported on Wednesday. The European Union's executive arm is planning to issue formal guidance proposing that stablecoins issued outside the bloc are treated as interchangeable with same-branded versions allowed only on EU markets, the newspaper said, citing people briefed on its contents. The announcement of the guidance has been ... (full story)