The European Central Bank questionnaire is aimed at both the public and financial experts—in order to gauge their views on a digital euro as it considers launching a central bank digital currency that would be available alongside cash.
Furthermore, Binance also claims that the firm has not been warned by law enforcement and government services before the blacklisting of its domain. So far, the company consulted with lawyers and announced that it will continue offering its services to Russia’s citizens.
Under the new rules, a fintech company that obtains a license to operate in one EU nation will be able to provide services in the trading bloc’s 26 other member states automatically.
Specifically, the ECB said stablecoins are vulnerable to so-called liquidity “runs” if consumers fear that the token may lose its value. In such instances, the stablecoin may stop functioning normally and its redemption may not be possible in the usual way.
