Europeans urge EU to review stablecoin reward rules in MiCA discussions

VERA Brief

AI-generated. Grounded in the article and its cited sources.

Approximately 50,000 letters have been sent to European Union policymakers urging a review of restrictions on stablecoin rewards. This is occurring during the legislative review of the Markets in Crypto-Assets (MiCA) regulation and coincides with European central banks seeking broader modifications to stablecoin rules.

Key facts

• A campaign has submitted approximately 50,000 letters to European Union policymakers.
• The letters request a reassessment of restrictions on stablecoin rewards.
• This advocacy is happening during the review of the Markets in Crypto-Assets (MiCA) regulation.
• European central banks are also seeking more comprehensive modifications to stablecoin regulations within the MiCA framework.
• The campaign aims to influence the legislative review process regarding stablecoin reward mechanisms.