ECB Flags Risk of Financial Infection From US Cripto Push – Tradingview News

The European Central Bank (ECB) raised the alarm over the potential relegation from aggressive American support for the crypto industry, warning to increase the dollar in dollar in a dollar, which supports the financial system in Europe.

According to the political document, which has been a policy, ECB requested a market audit in Cripto-Assets (MICA) for cryptocurrency only a few months after it came into effect.

Concerns are that American reforms supported by President Donald Trump could flood European Markets with dollars in the amount of dollars.

ECB fears could run the European capital flight to American property, undermining the financial sovereignty of the EU and bank presentation that liquidity risks.

ECB and the European Commission clashes about the rules of Mike

Although the ECB calls for tighter controls, the European Commission rejected the warning as exaggerated, according to the report.

The report, which lists two diplomats and one official MICA framework is robust sufficiently managed by the risks of Stablecoin, as potential American transparency and responsibility for a better main economy (stable) and leading national innovation for American stables.

“The Commission was quite clear that they had different views on this topic,” and “not very many (countries) supported the idea of ​​jumping with a gun and start changing (the rules) based on that,” One of the diplomats allegedly said politics.

The StableCoin sector is now commanding $ 234 billion, according to CoinMarketCAP data.

The ECB warned that European issuers could face the purchase pressure from EU holder and foreign boundaries without stricter borders, potentially causing financial “leading” and application of exposed institutions.

“Worrying is justified,” Mikko Ohtamaa, co-founder and director and director at the trading strategy, said in the post to KS. “However, the EU had the first advantage with the regulation of the Regulation and that they found it.”

Ohtamaa said that no EU’s position is globally competitive due to the restrictive rules of Mico, affected by the bank lobby and a legacy.

Tether remains the main critic of Mica

Tether, the publisher of the world’s largest in the world, USD (USD), has long been a critic of the EU Regulation MICE.

Last year, the director of Paolo Ardoino claimed that Mice’s demands would be a special mandate for publishers Stablecoin to enter at least 60% of the EU bank accounts, could introduce systemic risks and on stablecoins and a broader banking system.

Due to mismatch with MICOM, USDT faced the deviates of large European exchanges, including coinbass, Cripto.com and Kraken.