French Financial Authorities Back Limited Stablecoin Rewards in MiCA Review
Edited by Steinar Vigdel Kolnes, Editor, Oslo
Four French financial authorities have urged the European Commission to permit stablecoin rewards in certain cases, diverging from the ECB’s position.
Four French financial authorities have called for stablecoin rewards to be allowed under specific circumstances as the European Union reviews its Markets in Crypto-Assets regulation, known as MiCA.
The authorities outlined their position in a joint response to the European Commission on potential revisions to the framework, according to Bitcoin.com News.
Their stance differs from that of the European Central Bank and EU national central banks. It also gives the crypto industry institutional support in its push to preserve stablecoin rewards.
The proposal is conditional rather than a call for unrestricted rewards. The source excerpt does not specify the conditions the French authorities recommend.
Source: Bitcoin.com News
