The European Commission plans to ease MiCA regulations, while the European Central Bank strongly opposes the proposal.

[The European Commission plans to relax MiCA rules, and the European Central Bank strongly opposes the proposal] There are rumors that the European Commission is about to make slight relaxations to the regulations concerning EU stablecoins in MiCA (Regulation on Markets in Crypto-Assets). Specifically, the Commission plans to allow for the exchange of stablecoins issued in the global market but not approved by the EU with compliance stablecoins limited to the EU. In response, the European Central Bank (ECB) strongly opposes the proposal and advocates for the issuance of a digital euro (CBDC). The ECB warns that this move could pose risks to the stability of the European banking system, but ignoring the rise of stablecoins also carries potential dangers. Since MiCA came into effect in December 2024, the cryptocurrency landscape in Europe has undergone significant changes. In fact, these changes may have been too drastic. The global stablecoin market is heating up, and the largest stablecoin issuer has exited the EU market, but its business has not been significantly affected. Against this backdrop, some regulatory agencies are considering adjustments to existing regulations. According to Reuters, EU Commission officials may soon relax some requirements of MiCA for stablecoins. However, it should be made clear that this will not reduce the strictness of license approval. On the contrary, if a company issues both an EU-only token and a global version, it may be allowed to interchange these two assets in the European market in the future.