The stablecoin loophole that could expose the EU
A regulatory framework must be established for tokens issued both inside and outside the bloc
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The dangers of stablecoins
They are no substitute for money, even if usage is growing fast
Brussels set to disregard ECB warnings over stablecoin rules
European Commission poised to propose treating stablecoins issued outside bloc as interchangeable with EU versions
The stablecoin stumbling block
The crypto tokens are not yet safe enough to be used at scale in the settlement of large, wholesale financial transactions
The euro’s urgent need
Europe must finally grasp the opportunity to develop the single currency as a reserve asset
Bank of England dilutes planned rules for UK stablecoins
Central bank partly backs down after industry criticism over plan for digital tokens
Stablecoins can support financial safety
Fears that they make it easier for criminals to move money around are based on a misconception