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CRYPTO MARKET UPDATE

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European Central Bank chief urges stricter oversight of non-EU stablecoin issuers

European Central Bank President Christine Lagarde said that the European Union should hold non-EU stablecoin issuers to the same stringent reserve requirements as their EU counterparts to address the risk of runs.

Speaking Wednesday at the annual conference of the European Systemic Risk Board, Lagarde said "gaps remain" in the EU's current Markets in Crypto-Assets (MiCA) regulation regarding requirements for stablecoin issuers.

Read more here.

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