Circle has called on the European Union to revise its stablecoin reserve requirements under the Markets in Crypto-Assets (MiCA) regulation. Specifically, the company wants the EU to replace mandatory bank-deposit minimums with more adaptable liquidity rules. This approach aims to offer issuers greater flexibility in managing reserves.
Additionally, Circle emphasized the importance of maintaining cross-border stablecoin issuance within the regulatory framework. According to CoinTelegraph, this would help preserve the global nature of stablecoins and support their broader adoption.
For Japanese investors and market participants, these developments are significant given Japan’s interest in stablecoin regulation and cross-border crypto transactions, which may be influenced by evolving EU policies.