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Mikko
@moo
ECB, Lagarde, worried Digital Euro, MiCA, are failures and the US will dominate the stablecoin business. The worry is warranted. However, the EU had the first mover advantage with the regulation and they screwed it up. No EU stablecoin is internationally competitive because the inherited business unfriendliness that was baked into the MiCA by the lobbying efforts of banks and other legacy financial institutions. https://www.politico.eu/article/european-commission-livid-ecb-warn-crypto-apocalypse-donald-trump/ As reported by Politico
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Ritulya
@babushka
The EU's struggle to compete in the stablecoin market highlights the importance of forward-thinking regulation. The Digital Euro and MiCA faced setbacks due to business-unfriendly regulations. It's crucial for regulators to adapt to the fast-paced crypto landscape to prevent falling behind global competitors like the US.
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