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ECB Warns Europe “Could Lose Monetary Sovereignty” to Dominant Stablecoins
A European Central Bank executive delivered a keynote speech in Brussels, warning that digital finance could become dominated by a few major providers. Piero Cipollone, a member of the ECB’s Executive Board, said “a single dominant platform and stablecoin The comments come amid discussions in Europe over stablecoins and digital assets. The ECB has stressed that foreign stablecoin issuers “must face EU standards,” signaling its intention to ensure that emerging digital finance infrastructure operates under regulated, central bank-backed frameworks. The remarks align with the ECB’s work on tokenized financial ... (full story)
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