A Stablecoin Bank Run Could Pose “Systemic Risk” to the Financial System: EU Watchdog

While the financial system remains safe from crypto right now, growing interconnectedness combined with a run on a major stablecoin could cause that to change, says the EU.  

EU raises alarm over potential bank threats posed by stablecoins

The European Systemic Risk Board has recommended increased disclosures and monitoring as measures to combat the risks associated with the cryptocurrency market.

Coinbase Ramps Up Efforts to Expand in Europe, Partners With Bitpanda

America’s largest crypto exchange Coinbase has partnered with Bitpanda as it continues its overseas expansion.

MiCA explained: What does the EU’s first crypto regulation mean for the industry?

The European Union (EU) has recently approved a comprehensive regulatory framework for crypto assets, making waves in digital finance. Known as the Markets in Crypto-Assets (MiCA), this directive establishes clear rules for handling cryptocurrency with…