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EU Commission investigates depth of EU safety net for stablecoin holders - REUTERS

JANUARY 23, 2025

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MILAN, Jan 23 (Reuters) - The European Commission is investigating the extent to which EU rules on crypto assets protect the redemption rights of the bloc's investors in identical e-money tokens (EMTs), the value of which is pegged to that of a single official currency.

France's Autorité de contrôle prudentiel et de résolution (ACPR), the country's banking and insurance supervisor, last year asked the European Banking Authority to establish whether it would be possible to have technically identical and fully fungible EMTs issued by both an entity licensed in the European Union and by another elsewhere not subject to EU rules.

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