EU Watchdog Recommends Stablecoin Ban Amid Financial Stability Fears

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A key European financial watchdog has reportedly recommended a ban on certain stablecoins, particularly those issued jointly across the European Union and other jurisdictions. This move comes amid growing concerns about the potential financial risks and market instability posed by the rapid expansion of these digital assets, with regulators seeking to bolster oversight and protect the integrity of the Eurozone's financial system.

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