{"id":2157285,"date":"2026-09-22T13:18:30","date_gmt":"2026-09-22T10:18:30","guid":{"rendered":"https:\/\/analyse.optim.biz\/?p=2157285"},"modified":"2026-09-22T13:18:30","modified_gmt":"2026-09-22T10:18:30","slug":"ecb-calls-for-tougher-eu-crypto-rules-and-wider-ban-on-stablecoin-interest","status":"publish","type":"post","link":"https:\/\/analyse.optim.biz\/?p=2157285","title":{"rendered":"ECB calls for tougher EU crypto rules and wider ban on stablecoin interest"},"content":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/1200x675_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg&#8221;]<\/p>\n<article id=\"abe-2927168-pos1-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1 the-media-object--has-video\" data-nid=\"2927168\" data-cid=\"9921201\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927168-label-pos1-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/02\/75\/189x106_cmsv2_cefa1dda-3754-5b75-a602-3b6e5463f944-9920275.jpg\" loading=\"lazy\" alt=\"file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Water and food shortages are directly linked to climate change- expert\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927773-pos2-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927773\" data-cid=\"9923538\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927773-label-pos2-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/34\/11\/189x106_cmsv2_10968315-ca36-5bdc-a214-415c89671e84-9923411.jpg\" loading=\"lazy\" alt=\"Doctors examine a patient in the intensive care unit of the Queen Fabiola children&apos;s hospital in Brussels on Monday, 25 November 2013.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    &#8216;I&#8217;m done with medical abuse&#8217;: actor Arnaud Denis dies by euthanasia in Belgium\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927780-pos3-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927780\" data-cid=\"9923468\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927780-label-pos3-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/34\/68\/189x106_cmsv2_f61e2187-7019-59c6-bbb5-cd84ea6e0a38-9923468.jpg\" loading=\"lazy\" alt=\"Albania is one of the fastest growing destinations in Europe\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Destinations<\/p>\n<div class=\"the-media-object__title  \">\n<p>    How Albania became one of Europe\u2019s fastest-growing destinations\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927563-pos4-c-latest-stories\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927563\" data-cid=\"9922268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927563-label-pos4-c-latest-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/22\/68\/189x106_cmsv2_4e4186e6-5e17-532b-932b-990f1cd576d8-9922268.jpg\" loading=\"lazy\" alt=\"Solar installations on 340 hectares surround the village of Hjolderup west of Aabenraa, southern Denmark on February 2023. The village of Hjolderup consists of 12 houses.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Brussels seeks power to order electricity demand cuts in energy crisis\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927168-pos1-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video\" data-nid=\"2927168\" data-cid=\"9921201\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927168-label-pos1-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/02\/75\/189x106_cmsv2_cefa1dda-3754-5b75-a602-3b6e5463f944-9920275.jpg\" loading=\"lazy\" alt=\"file photo\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Earth News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Water and food shortages are directly linked to climate change- expert\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927773-pos2-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927773\" data-cid=\"9923538\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927773-label-pos2-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/34\/11\/189x106_cmsv2_10968315-ca36-5bdc-a214-415c89671e84-9923411.jpg\" loading=\"lazy\" alt=\"Doctors examine a patient in the intensive care unit of the Queen Fabiola children&apos;s hospital in Brussels on Monday, 25 November 2013.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Culture news<\/p>\n<div class=\"the-media-object__title  \">\n<p>    &#8216;I&#8217;m done with medical abuse&#8217;: actor Arnaud Denis dies by euthanasia in Belgium\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927780-pos3-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927780\" data-cid=\"9923468\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927780-label-pos3-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/34\/68\/189x106_cmsv2_f61e2187-7019-59c6-bbb5-cd84ea6e0a38-9923468.jpg\" loading=\"lazy\" alt=\"Albania is one of the fastest growing destinations in Europe\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Destinations<\/p>\n<div class=\"the-media-object__title  \">\n<p>    How Albania became one of Europe\u2019s fastest-growing destinations\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article id=\"abe-2927563-pos4-c-latest-stories-sidebar\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2\" data-nid=\"2927563\" data-cid=\"9922268\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927563-label-pos4-c-latest-stories-sidebar\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/22\/68\/189x106_cmsv2_4e4186e6-5e17-532b-932b-990f1cd576d8-9922268.jpg\" loading=\"lazy\" alt=\"Solar installations on 340 hectares surround the village of Hjolderup west of Aabenraa, southern Denmark on February 2023. The village of Hjolderup consists of 12 houses.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Europe News<\/p>\n<div class=\"the-media-object__title  \">\n<p>    Brussels seeks power to order electricity demand cuts in energy crisis\n  <\/p><\/div>\n<\/div>\n<\/article>\n<article class=\"helper-site-row o-article-newsy\">\n<div class=\"helper-site-container o-article-newsy__container\">\n<div class=\"o-article-newsy__main\">\n<header class=\"h-grid o-article-newsy__main__header\">\n<nav aria-label=\"Breadcrumbs\" class=\"c-article-breadcrumbs\">\n<div id=\"adb-article-breadcrumb\" class=\"c-article-breadcrumbs__list\">\n<p>                          Business<\/p>\n<p>                          Business<\/p><\/div>\n<\/nav>\n<h1 class=\"c-article-redesign-title\">\n                            ECB calls for tougher EU crypto rules and wider ban on stablecoin interest<\/h1>\n<div class=\"c-article-image-video u-position-relative \">\n<div class=\"js-superdiv u-aspect-ratio-16x9 u-position-relative \" data-controller=\"video-player\" data-sponsored=\"Partner content\"><img fetchpriority=\"high\" decoding=\"async\" class=\"js-poster-img c-article-media__img\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/1536x864_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg\" width=\"1536\" height=\"864\" loading=\"eager\" alt=\"FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026\"><\/div>\n<div class=\"c-article-caption u-position-absolute\"><i id=\"article-caption-content\" class=\"c-article-caption__content\"><span class=\"c-article-caption__text\"><br \/>\n              FILE. ECB President Christine Lagarde and Deutsche Bundesbank President Joachim Nagel address the media in Berlin, Germany, 10 Sept. 2026<br \/>\n                    <span class=\"u-color-white\">&#8211;\u00a0<\/span><span class=\"c-article-caption__copyright\">Copyright\u00a0<\/span><span class=\"c-article-caption__credit\">Bernd von Jutrczenka\/dpa via AP<\/span><\/span><\/i><\/div>\n<div class=\"c-article-image-copyright c-article-image-copyright--novideo\">\n      Copyright\u00a0Bernd von Jutrczenka\/dpa via AP\n  <\/div>\n<\/div>\n<\/header>\n<div class=\"h-grid o-article-newsy__main__body u-article-content\">\n<div class=\"o-article-newsy__contributors-publication-date\">\n<div class=\"c-article-contributors\">\n  By&amp;nbspQuirino Mealha&amp;nbsp&amp;&amp;nbspEleonora Vasques\n<\/div>\n<div class=\"c-article-publication-date\" data-timestamp=\"1790083110\">\n         Published on<br \/>\n            <time datetime=\"2026-09-22 15:18:30 +02:00\">22\/09\/2026 &#8211; 15:18 GMT+2<\/time><\/div>\n<\/div>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div class=\"c-article-share-comment-popup-overlay js-c-article-share-comment-popup-overlay u-display-none\">\n<div id=\"js-c-article-share-comment-popup\" class=\"c-article-share-comment-popup js-c-article-share-comment-popup\">\n<div class=\"c-article-share-comment-popup__header u-display-flex\"><span>Share<\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/icon-close.svg\" width=\"24\" height=\"24\" alt=\"Close Button\" class=\"u-cursor-pointer 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height=\"24\" alt=\"bluesky\" loading=\"lazy\"><span>Bluesky<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-bluesky.svg\" width=\"48\" height=\"48\" alt=\"bluesky\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"24\" height=\"24\" alt=\"threads\" loading=\"lazy\"><span>Threads<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-threads.svg\" width=\"48\" height=\"48\" alt=\"threads\" class=\"u-show-for-desktop\" loading=\"lazy\"><span class=\"u-display-flex u-gap-1 u-show-for-mobile-only\"><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"24\" height=\"24\" alt=\"whatsapp\" loading=\"lazy\"><span>Whatsapp<\/span><\/span><img decoding=\"async\" src=\"https:\/\/static.euronews.com\/website\/images\/vector\/social-icons\/article-redesign-whatsapp.svg\" width=\"48\" height=\"48\" alt=\"whatsapp\" class=\"u-show-for-desktop\" loading=\"lazy\"><\/div>\n<\/div>\n<\/div>\n<\/div>\n<h2 class=\"c-article-summary\">\n        Europe&#8217;s central banks want the EU&#8217;s crypto rules tightened, calling for a wider ban on interest payments on stablecoins, new powers to curb tokens pegged to foreign currencies such as the US dollar, and EU-level supervision of crypto firms.<br \/>\n    <\/h2>\n<div class=\"c-article-content c-article-content--business js-article-content\">\n<p>A day after unveiling Pontes, its system for settling tokenised assets in central bank money, the ECB has set out how it wants Europe&#8217;s crypto rulebook rewritten.<\/p>\n<div>\n<div class=\"c-ad u-show-for-mobile-only\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<div class=\"c-ad u-show-for-desktop\">\n<div class=\"c-ad__placeholder\"><img decoding=\"async\" class=\"c-ad__placeholder__logo\" src=\"https:\/\/static.euronews.com\/website\/images\/logos\/logo-euronews-stacked-outlined-72x72-grey-9.svg\" width=\"72\" height=\"72\" alt loading=\"lazy\"><span>ADVERTISEMENT<\/span><\/div>\n<\/div>\n<\/div>\n<p>The response, published on Tuesday by the European System of Central Banks, which groups the ECB with the EU&#8217;s national central banks, argues for tougher rules on stablecoins, staking and crypto firms.<\/p>\n<p>It feeds into the European Commission&#8217;s review of the Markets in Crypto-Assets Regulation, known as MiCA, the EU&#8217;s rulebook for cryptocurrencies and the firms that trade them.<\/p>\n<p>MiCA has applied since December 2024, and the last transitional deadline for existing operators expired on 1 July, including Binance, the world&#8217;s largest exchange, to stop serving European customers. <\/p>\n<p>The Commission&#8217;s consultation will close on 30 September, a month later than planned.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-1\">\n<li class=\"c-widget-related__item\">Exclusive: EU to revise crypto rules in 2027 amid Trump&#8217;s push for digital assets<\/li>\n<li class=\"c-widget-related__item\">Europe&#8217;s crypto reset: MiCA creates a single market as hundreds of firms face exit<\/li>\n<\/ul>\n<\/div>\n<p>The central banks&#8217; recommendations are not binding, and the Commission will weigh them alongside other responses before deciding whether to reopen the law.<\/p>\n<p>EU diplomats have told Euronews they expect a revision in 2027, which would need the approval of the European Parliament and member states.<\/p>\n<h2>No interest and no loopholes<\/h2>\n<p>Stablecoins are cryptocurrencies designed to hold a steady value, usually by tracking the US dollar.<\/p>\n<p>MiCA already bars both issuers and crypto exchanges from paying interest on them, and the central banks want it kept that way.<\/p>\n<p>&#8220;The payment of stablecoin remuneration should continue to be prohibited,&#8221; the ECB response says.<\/p>\n<p>Their targets are the workarounds. Some exchanges, the response notes, offer crypto lending, borrowing and staking, &#8220;thereby replicating the economic effect of interest payments through ancillary or unregulated services.&#8221;<\/p>\n<p>The central banks want the ban extended to those activities and to indirect rewards, such as certain loyalty-programme benefits, calling it &#8220;a clear legislative priority&#8221;.<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-2\">\n<li class=\"c-widget-related__item\">Bitcoin drops after US Senate blocks landmark crypto bill<\/li>\n<li class=\"c-widget-related__item\">ECB launches &#8216;Pontes&#8217; to settle tokenised assets in central bank money<\/li>\n<\/ul>\n<\/div>\n<p>Washington has gone the other way.<\/p>\n<p>The 2025 GENIUS Act banned US stablecoin issuers from paying interest but left exchanges free to offer rewards, and whether to close that gap became one of the most contested fights over the CLARITY Act, the landmark crypto bill that fell ten votes short in the US Senate on 15 September.<\/p>\n<h2>A brake on US dollar stablecoins<\/h2>\n<p>The central banks want stronger tools against tokens pegged to foreign currencies.<\/p>\n<p>It would be useful, they say, if authorities could impose &#8220;a prohibition to issue new tokens, as well as an obligation to redeem existing tokens&#8221; on issuers where central banks judge that the tokens pose a threat, including to financial stability.<\/p>\n<p>More broadly, they see limited benefit in stablecoins for everyday payments at home, given instant bank transfers and the planned digital euro. They warn that MiCA provides no legal basis for issuing the same stablecoin both inside and outside the EU.<\/p>\n<p>In a bank run, European reserves could end up paying holders elsewhere, while &#8220;EU authorities cannot determine with certainty how many tokens are held within the Union.&#8221;<\/p>\n<div class=\"c-widget-related\" data-stories-id data-event=\"widget_related\">\n<div class=\"c-widget-related__title\"><b class=\"c-widget-related__title__text\" lang=\"en\">Related<\/b><\/div>\n<ul class=\"c-widget-related__list\" id=\"abe-article-related-3\">\n<li class=\"c-widget-related__item\">Exclusive: Italy proposes no fees for digital euro payments under \u20ac10<\/li>\n<li class=\"c-widget-related__item\">&#8216;Digital euro will not replace cash,&#8217; Lagarde tells Euronews as negotiations advance <\/li>\n<\/ul>\n<\/div>\n<p>Eurozone central banks also do not currently let stablecoin issuers hold customer funds with them.<\/p>\n<p>A token fully backed by central bank money, the response warns, &#8220;would effectively result in a &#8216;synthetic&#8217; central bank digital currency&#8221; that is essentially a private imitation of the digital euro and could, in theory, drain deposits from commercial banks, especially under stress.<\/p>\n<h2>Staking and decentralised finance<\/h2>\n<p>On staking, where users lock up crypto in exchange for rewards, the response is blunt: &#8220;Staking, lending and borrowing of crypto-assets should be regulated at Union level.&#8221;<\/p>\n<p>Where a firm takes customers&#8217; crypto and promises to return it, potentially with a premium, the central banks argue that the arrangement can be &#8220;comparable to the taking of repayable funds&#8221;, in the language of banking.<\/p>\n<p>The same applies to decentralised finance, or DeFi, where lending and trading run on automated software rather than through a company.<\/p>\n<p>MiCA exempts fully decentralised services but never defines the term, and the central banks cite studies showing that full decentralisation is rarely, if ever, achieved, leaving it unclear who is in control.<\/p>\n<h2>Who licenses crypto exchanges?<\/h2>\n<p>The central banks also back a Commission proposal to move licensing and supervision of crypto firms from national regulators to ESMA, the EU&#8217;s markets watchdog.<\/p>\n<p>Currently, one national licence covers the whole bloc, which was the route Binance originally pursued in Greece.<\/p>\n<p>The Wall Street Journal reported last week, citing people familiar with the discussions, that ECB President Christine Lagarde urged Greek Prime Minister Kyriakos Mitsotakis not to approve Binance&#8217;s application because of the exchange&#8217;s past compliance problems and fears that its scale could deepen the use of US dollar stablecoins in Europe.<\/p>\n<p>A senior Greek regulator, according to the newspaper, told the exchange that Lagarde wanted the decision delayed until ESMA took over, the same shift the central banks endorse in Tuesday&#8217;s response. Binance withdrew the application on 24 June.<\/p>\n<p>Neither the ECB nor the Greek regulator has confirmed the account. The ECB, which has no formal role in licensing crypto firms, declined to comment, while Binance said it would &#8220;not comment on speculation&#8221;.<\/p>\n<\/div>\n<p>                                  Go to accessibility shortcuts<\/p>\n<div class=\"c-article-share-comment u-align-items-center u-display-flex\"><span class=\"c-article-share-comment__links u-align-items-center u-display-flex u-justify-content-center js-c-article-share-comment-share\"><span class=\"c-article-share-comment__label\">Share<\/span><\/span><span class=\"c-article-share-comment__label\">Comments<\/span><span class=\"c-article-share-comment__label c-article-share-comment__label--always\">Add Euronews on Google<\/span><\/div>\n<div id=\"adb-article-you-might-also-like\" class=\"perf-cv-auto c-article-you-might-also-like\">\n<h2 class=\"c-article-you-might-also-like__title\">\n        Read more<br \/>\n      <\/h2>\n<div class=\"c-article-you-might-also-like__container\">\n<article id=\"abe-2927469-pos0-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos0-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/480x270_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. Workers assemble the Zeekr 001 EV models at the Chinese automaker Zeekr assembly plant in Ningbo, east China&apos;s Zhejiang Province, 17 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;Made in Europe&#8217; battery rules could add \u20ac2,100 to electric car prices<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927053-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927053\" data-cid=\"9921123\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927053-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/11\/23\/480x270_cmsv2_85e0d08e-d709-5a1b-8702-893c97bd455a-9921123.jpg\" loading=\"lazy\" alt=\"File - A 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Workers assemble the Zeekr 001 EV models at the Chinese automaker Zeekr assembly plant in Ningbo, east China&apos;s Zhejiang Province, 17 April 2025\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    &#8216;Made in Europe&#8217; battery rules could add \u20ac2,100 to electric car prices<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927053-pos1-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927053\" data-cid=\"9921123\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927053-label-pos1-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/11\/23\/480x270_cmsv2_85e0d08e-d709-5a1b-8702-893c97bd455a-9921123.jpg\" loading=\"lazy\" alt=\"File - A European flag flutters outside the building of the Stock Exchange, in Athens, Friday, 24 June 2016.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Greek stock market joins world\u2019s leading exchanges after debt crisis<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927744-pos2-c-article-you-might-also-like__item\" class=\"the-media-object m-modeMobile-1 m-modeDesktop-1 m-modeXL-1\" data-nid=\"2927744\" data-cid=\"9923495\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927744-label-pos2-c-article-you-might-also-like__item\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/33\/21\/480x270_cmsv2_88937646-3545-55b5-b22d-bfc0576dbe6b-9923321.jpg\" loading=\"lazy\" alt=\"Aerial view of a worker ploughing the land with his tractor\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n                    Business<\/p>\n<h3 class=\"the-media-object__title  \">\n<p>    Spanish farmers demand urgent aid as war in Iran drives up costs<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927504-pos2-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--has-video the-media-object--no-label\" data-nid=\"2927504\" data-cid=\"9922016\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927504-label-pos2-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/20\/16\/320x180_cmsv2_bbfa478a-9be3-51e4-bd5a-ecf2c611edb1-9922016.jpg\" loading=\"lazy\" alt=\"A customer reaches for a pump at a gas station in Berlin on Friday, June 13, 2025.\" height=\"9\" width=\"16\"><\/figure>\n<div class=\"the-media-object__content\">\n<h3 class=\"the-media-object__title  \">\n<p>    Fuel taxes in Europe: Which country taxes petrol the most?<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<article id=\"abe-2927469-pos3-top-stories\" class=\"the-media-object m-modeMobile-2 m-modeDesktop-2 m-modeXL-2 the-media-object--no-label\" data-nid=\"2927469\" data-cid=\"9921758\" data-part-label=\"Partner content\">\n<figure id=\"abe-2927469-label-pos3-top-stories\" class=\"the-media-object__figure\"><img decoding=\"async\" class=\"the-media-object__image\" src=\"https:\/\/images.euronews.com\/articles\/stories\/09\/92\/17\/58\/320x180_cmsv2_d9c9d5db-2764-5b2a-a853-7f0b879f8c95-9921758.jpg\" loading=\"lazy\" alt=\"FILE. 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to settle tokenised assets in central bank money<br \/>\n  <\/h3>\n<\/div>\n<\/article>\n<div class=\"articleBody\" data-key=\"articleBody\">A day after unveiling Pontes, its system for settling tokenised assets in central bank money, the ECB has set out how it wants Europe&#8217;s crypto rulebook rewritten.The response, published on Tuesday by the European System of Central Banks, which groups the ECB with the EU&#8217;s national central banks, argues for tougher rules on stablecoins, staking and crypto firms.It feeds into the European Commission&#8217;s review of the Markets in Crypto-Assets Regulation, known as MiCA, the EU&#8217;s rulebook for cryptocurrencies and the firms that trade them.MiCA has applied since December 2024, and the last transitional deadline for existing operators expired on 1 July, including Binance, the world&#8217;s largest exchange, to stop serving European customers.The Commission&#8217;s consultation will close on 30 September, a month later than planned.The central banks&#8217; recommendations are not binding, and the Commission will weigh them alongside other responses before deciding whether to reopen the law.EU diplomats have told Euronews they expect a revision in 2027, which would need the approval of the European Parliament and member states.No interest and no loopholesStablecoins are cryptocurrencies designed to hold a steady value, usually by tracking the US dollar.MiCA already bars both issuers and crypto exchanges from paying interest on them, and the central banks want it kept that way.&#8221;The payment of stablecoin remuneration should continue to be prohibited,&#8221; the ECB response says.Their targets are the workarounds. Some exchanges, the response notes, offer crypto lending, borrowing and staking, &#8220;thereby replicating the economic effect of interest payments through ancillary or unregulated services.&#8221;The central banks want the ban extended to those activities and to indirect rewards, such as certain loyalty-programme benefits, calling it &#8220;a clear legislative priority&#8221;.Washington has gone the other way.The 2025 GENIUS Act banned US stablecoin issuers from paying interest but left exchanges free to offer rewards, and whether to close that gap became one of the most contested fights over the CLARITY Act, the landmark crypto bill that fell ten votes short in the US Senate on 15 September.A brake on US dollar stablecoinsThe central banks want stronger tools against tokens pegged to foreign currencies.It would be useful, they say, if authorities could impose &#8220;a prohibition to issue new tokens, as well as an obligation to redeem existing tokens&#8221; on issuers where central banks judge that the tokens pose a threat, including to financial stability.More broadly, they see limited benefit in stablecoins for everyday payments at home, given instant bank transfers and the planned digital euro. They warn that MiCA provides no legal basis for issuing the same stablecoin both inside and outside the EU.In a bank run, European reserves could end up paying holders elsewhere, while &#8220;EU authorities cannot determine with certainty how many tokens are held within the Union.&#8221;Eurozone central banks also do not currently let stablecoin issuers hold customer funds with them.A token fully backed by central bank money, the response warns, &#8220;would effectively result in a &#8216;synthetic&#8217; central bank digital currency&#8221; that is essentially a private imitation of the digital euro and could, in theory, drain deposits from commercial banks, especially under stress.Staking and decentralised financeOn staking, where users lock up crypto in exchange for rewards, the response is blunt: &#8220;Staking, lending and borrowing of crypto-assets should be regulated at Union level.&#8221;Where a firm takes customers&#8217; crypto and promises to return it, potentially with a premium, the central banks argue that the arrangement can be &#8220;comparable to the taking of repayable funds&#8221;, in the language of banking.The same applies to decentralised finance, or DeFi, where lending and trading run on automated software rather than through a company.MiCA exempts fully decentralised services but never defines the term, and the central banks cite studies showing that full decentralisation is rarely, if ever, achieved, leaving it unclear who is in control.Who licenses crypto exchanges?The central banks also back a Commission proposal to move licensing and supervision of crypto firms from national regulators to ESMA, the EU&#8217;s markets watchdog.Currently, one national licence covers the whole bloc, which was the route Binance originally pursued in Greece.The Wall Street Journal reported last week, citing people familiar with the discussions, that ECB President Christine Lagarde urged Greek Prime Minister Kyriakos Mitsotakis not to approve Binance&#8217;s application because of the exchange&#8217;s past compliance problems and fears that its scale could deepen the use of US dollar stablecoins in Europe.A senior Greek regulator, according to the newspaper, told the exchange that Lagarde wanted the decision delayed until ESMA took over, the same shift the central banks endorse in Tuesday&#8217;s response. Binance withdrew the application on 24 June.Neither the ECB nor the Greek regulator has confirmed the account. The ECB, which has no formal role in licensing crypto firms, declined to comment, while Binance said it would &#8220;not comment on speculation&#8221;.<\/div>\n<p>[analyse_source url=&#8221;https:\/\/www.euronews.com\/business\/2026\/09\/22\/ecb-calls-for-tougher-eu-crypto-rules-and-wider-ban-on-stablecoin-interest&#8221;]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>[analyse_image type=&#8221;featured&#8221; src=&#8221;https:\/\/images.euronews.com\/articles\/stories\/09\/92\/29\/15\/1200x675_cmsv2_e42d5e7c-63f8-57f4-bf57-13bf6f97b3fa-9922915.jpg&#8221;] Earth News Water and food shortages are directly linked to climate change- expert Culture news &#8216;I&#8217;m done with medical abuse&#8217;: actor Arnaud Denis dies by euthanasia in Belgium Destinations How Albania became one of Europe\u2019s fastest-growing destinations Europe News Brussels seeks power to order electricity demand cuts in energy crisis Earth News [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[90],"tags":[226,36],"class_list":["post-2157285","post","type-post","status-publish","format-standard","hentry","category-international","tag-crawlmanager","tag-euronews-com"],"_links":{"self":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157285","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2157285"}],"version-history":[{"count":0,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=\/wp\/v2\/posts\/2157285\/revisions"}],"wp:attachment":[{"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2157285"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2157285"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/analyse.optim.biz\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2157285"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}