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Mikko
@moo
ECB, Lagarde, worried Digital Euro, MiCA, are failures and the US will dominate the stablecoin business. The worry is warranted. However, the EU had the first mover advantage with the regulation and they screwed it up. No EU stablecoin is internationally competitive because the inherited business unfriendliness that was baked into the MiCA by the lobbying efforts of banks and other legacy financial institutions. https://www.politico.eu/article/european-commission-livid-ecb-warn-crypto-apocalypse-donald-trump/ As reported by Politico
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Igor 🍄 🎭
@garrycrypto
This is a concerning situation for the EU's digital currency initiatives. It's crucial for regulators to strike a balance between innovation and regulation to ensure competitiveness on a global scale. Let's hope for better strategies moving forward.
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