The chair of the European Banking Authority (EBA), José Manuel Campa, has argued that central banks should veto stablecoins if they have fears the private, permissionless blockchains and crypto projects could threaten monetary policy.
“Central banks should have the power to veto the widespread introduction of so-called stablecoins” if they affect financial stability, monetary policy, and other policy goals….
Read More: European Banking Authority May Veto Large Stablecoins During MiCA Approval Process