EU Banking Watchdog Issues Draft Liquidity Rules for Stablecoin Issuers
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The European Banking Authority (EBA) has published draft rules on liquidity and capital requirements for stablecoins in line with the EU’s new Markets in Crypto Assets (MiCA) regulation.
Three consultations published Wednesday – which cover requirements for liquidity of stablecoin reserve assets, liquidity management policies and procedures for token issuers – follow calls from the EBA for stablecoin issuers to anticipate MiCA rules set to take effect next year.
The EBA said it will consult on the proposals until Feb. 8, 2024 and have the measures come into effect by June.
This story will be updated.
