Bank of Italy urges clarity on rules for multi-issuance stablecoins
Uniunea Europeana
ROME :The European Union should clarify rules for identical stablecoins issued across borders, a senior Bank of Italy official said on Thursday, urging uniform standards to protect users. Stablecoins - crypto assets pegged to traditional currencies or commodities - have created friction between the European Commission and the European Central Bank. They are also known as electronic money tokens (EMTs). The Commission has been asked to clarify whether EU rules allow EMTs issued by a licensed EU
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