EBA Proposes EU Lending Limits for Stablecoins Without MiCA Authorization
The European Banking Authority has proposed restricting EU crypto firms from facilitating loans involving stablecoins without MiCA authorization.
The European Banking Authority has put forward a proposal to prevent EU crypto service providers from arranging borrowing or lending involving stablecoins that are not authorized under MiCA.
The suggested restriction concerns firms acting as intermediaries for those transactions. MiCA, the bloc’s Markets in Crypto-Assets regulation, provides the relevant authorization framework.
The EBA outlined the proposal in a Sept. 24 response to the European Commission, according to The Defiant. The reported measure is a proposal, rather than an adopted ban.
Source: The Defiant
