currency taskforce

The Economic and Financial Affairs Council (ECOFIN) has adopted a Joint Statement on Stablecoins, with the European Commission. The Joint Statement calls for a common EU approach to crypto-assets, including stablecoins, which may potentially include new legislation. The Statements stresses that, until legal certainty is established, global stablecoin initiatives should not operate in the EU. Further, it calls on European payment actors, including payment services providers, to play a key role in improving payment arrangements, especially cross-border.

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