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Cardano founder Charles Hoskinson used a UN-affiliated FinTech event to criticise the digital euro and call for binding legal limits on state-controlled digital currencies, while proposing a goal-based regulatory model for blockchain.
The European System of Central Banks wants Brussels to drop MiCA's minimum bank-deposit requirements for stablecoin reserves, proposing liquidity-based rules instead and renewing warnings against so-called multi-issuance stablecoin models.
The Wall Street Journal reports that ECB President Christine Lagarde personally asked Greek Prime Minister Kyriakos Mitsotakis not to approve Binance's MiCA application, citing past US violations and fears over dollar stablecoins.