“The uncertainty and conservatism inhibits deal-making in the short term, much of which is to pilot, test and improve banks’ experience and understanding of this market in a controlled manner,” Sahir Akbar, managing director of prudential regulation at lobby group the Association for Financial Markets in Europe (AFME), said of the commission’s plans in a statement emailed to CoinDesk.
Source: https://www.coindesk.com/policy/2023/05/23/eu-banks-could-access-stablecoins-more-easily-under-leaked-plans/?utm_medium=referral&utm_source=rss&utm_campaign=headlines