Although the ECB holds no formal licensing authority under MiCA, high-level intervention led Greece to stall an application that regulators had previously deemed complete, the Journal said.
- European Central Bank President Christine Lagarde personally intervened to delay Binance’s bid for a European Union crypto license in Greece, The Wall Street Journal reported.
- Lagarde was reportedly concerned that Binance could expand the use of dollar-based stablecoins, potentially undermining the digital euro and euro-denominated alternatives.
- Binance withdrew its Greek application in June, and said it still plans to seek authorization under the European Union’s Markets in Crypto-Assets rules.
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The Definitive Stablecoin Landscape Series: Asia Pacific
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Why it matters :
As stablecoins move into regulated finance, APAC is becoming a key proving ground. This report maps the region’s rules, use cases, and RLUSD’s role.
Bank group sues U.S. regulator over granting crypto trust charters
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Original sourceCoinDesk
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