EU MiCA Licensing Inconsistency Threatens Passporting Principle and Regulatory Cohesion
MiCA's national implementation divergence creates regulatory arbitrage risk, forcing firms to re-evaluate their EU market entry and compliance architecture.
EBA Rejects Commission Amendments Weakening MiCA Stablecoin Reserve Liquidity Standards
The EBA's decisive rejection of relaxed reserve asset standards reinforces a strict prudential framework, mandating issuers recalibrate liquidity models to mitigate systemic risk.
