Circle has submitted comments to the European Commission, calling for revisions to the Markets in Crypto-Assets (MiCA) regulation. The company wants the EU to replace the current mandatory bank-deposit minimums for stablecoins with more flexible liquidity rules. This change would allow stablecoin issuers to use a broader range of assets to meet liquidity requirements. Circle emphasizes that this change would not compromise financial stability. The company also expressed support for preserving cross-border stablecoin issuance, which is currently allowed under the MiCA proposal. Circle's proposals aim to balance regulatory requirements with market innovation and flexibility.
This article is Bitcoincryptos' summary and analysis of reporting originally published by Cointelegraph. Read the full original report at the link above.
