Vice-Chairman of the European Commission Valdis Dombrovskis said that the issue of strengthening the control of the market for the stelivers will be resolved in the future legislation.
On Friday, German Finance Ministers, France, Italy, Spain and the Netherlands expressed their concern about the risks associated with the influence of stable coins on the financial stability and currency sovereignty of the EU. In an effort to dispel the fears of officials, Valdis Dombrovskis organized a press conference, which was reported that the provisions on the regulation of stelivers and their issuers will be added to the following legislation.
According to him, although in the existing standards, the risks associated with payments using stable coins are not taken into account, but in the near future this issue will be fully resolved. When adding that the European Commission will act weigly and regulate innovations from the inside, and not outside, since cryptoaculations offer a lot of opportunities.
It is expected that the developed base for control will provide for the regulation of digital assets, both at the state level and at the EU level.
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