Reg Wrap: crypto urges caution after EBA and ESCB call for tougher MiCA rules

The European Banking Authority (EBA) and the European System of Central Banks (ESCB) have called for stricter regulation of stablecoins under the EU's Markets in Crypto-Assets (MiCA) framework, highlighting risks from third-country multi-issuance schemes. Blockchain industry representatives have urged lawmakers to proceed carefully to avoid unintended consequences in the crypto sector.

This Wire brief sits within Fusion42's coverage of Crypto & Web3.