05/12/2019 (Agence Europe) – On Thursday 5 December, the European Finance Ministers adopted a declaration by the Council of the EU and the European Commission on stablecoins. The adopted text (see EUROPE B12375A25) does not contain any substantive difference compared to the version presented at the Ecofin Council on 8 November (see EUROPE B12365A4). It indicates that no global cryptocurrency could operate in the EU until legal, regulatory and prudential challenges and risks have been...