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ING Working on Euro Stablecoin Under EU’s MiCA Framework
ING Working on Euro Stablecoin Under EU’s MiCA Framework
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Dutch banking giant ING is reportedly working on a euro-backed stablecoin in collaboration with other traditional financial institutions and crypto service providers. The project aims to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation, which mandates licensing, regular disclosures, and fully collateralized reserves held with European banks. Progress has been slow as multiple participating firms await board-level approvals. ING declined to comment on the matter.
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