On Thursday 9 October, the President of the Eurogroup, Paschal Donohoe, took the view that the MiCA regulation should not be amended to tighten prudential requirements for stablecoins, particularly those denominated in dollars and issued outside the European Union.
“We do believe this is a regulation that is fit for purpose”, declared Mr Donohoe after the Eurogroup meeting. In his view, the Finance Ministers, who spoke at the meeting, recognise the importance of having a regulatory...