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ECB wants final say on the legal status of private stablecoins in the EU
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According to Reuters, the ECB has asked EU lawmakers for veto powers concerning private stablecoin projects like the Facebook-backed Diem. An excerpt from the ECB opinion document reads:. If EU lawmakers grant veto powers to the ECB, then private stablecoin issuers like Diem could be in for further regulatory hurdles even if the project secures approval from Swiss regulators.
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2021-02-23 13:36:11author
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