The European Commission plans to relax MiCA rules, but the European Central Bank strongly opposes the proposal

According to a report by Golden Finance, there are rumors that the European Commission is about to make a slight relaxation of the regulations on EU stablecoins in MiCA (Cryptocurrency Market Regulation). Specifically, the committee plans to allow stablecoins issued in the global market but not approved by the European Union to be exchanged with EU only compliant stablecoins. The European Central Bank (ECB) strongly opposes the proposal and instead advocates for the issuance of a digital euro (CBDC). The European Central Bank has warned that this move could pose a risk to the stability of the European banking system, but ignoring the growth 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, this change may have been too drastic. The global stablecoin market is heating up, and the largest stablecoin issuer has withdrawn from the EU market, but its business has not been significantly affected. In this context, some regulatory agencies are considering adjusting current regulations. According to Reuters, European Commission officials may soon relax some of MiCA's requirements for stablecoins. But it should be clear that this will not reduce the strictness of license approval. On the contrary, if a company simultaneously issues an EU only token and a global version, it may allow these two assets to be interchangeable in the European market in the future.