crypto

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

The EU needs to address the shortcomings in its regulation to stay competitive in the stablecoin market. Time for a strategic rethink.