EU Commission Wants to Ease Banks’ Access to Stablecoins

In recent months, it has focused on the regulation of digital assets. European Union components, especially the ties of cryptocurrencies with traditional finance.

According to the latest information leaked to the financial press, the EU Commission cryptocurrencies Although he doesn’t want to be involved with the coin, he welcomes stablecoins and tokenized assets.

Allegedly, the authorities had previously stablecoins He brought to the table the softening of the “one-to-one response” measure, which is required for banks. The EU, which made the first regulation in January, required banks to hold 1 euro for 1 unit of stablecoin.

The aforementioned counter-asset rule was applied more harshly for cryptocurrencies whose value is not stable. EU Commission to the financial sector “1.25 units of assets for 1 unit of cryptocurrency” accepted the obligation.

However, according to media reports, a study is being conducted to stretch this rule. Sources claim that while the EU remains strict on cryptocurrencies, authorities are looking to lower the reserve requirement ratio for fiat-backed stablecoins.

Unofficial documents have prompted comments that banks will raise the exposure rate up to 250% for the stablecoin reserve requirement.