TechFlow News: On April 27, Blockchain for Europe reported that the European Blockchain Association, together with Dr. Ulrich Bindseil, former Director General of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, the Association’s Director of Research and Strategy, jointly released the report “Reforming MiCA to Support Euro Stablecoins.”
The report acknowledges MiCA’s significance as a landmark regulatory framework but points out that certain design choices may place Europe in an unfavorable region of the regulatory “Laffer curve”—overly stringent requirements could erode the competitiveness of EU markets and drive related business outside the EU. To address this, the report proposes a series of targeted, pragmatic reform recommendations aimed at enabling MiCA to foster a more competitive, resilient, and globally influential euro stablecoin ecosystem. It also calls on policymakers, industry participants, and other stakeholders to actively engage in discussions to collectively advance the continuous refinement of the MiCA framework.
