European Central Banks Push to Expand Stablecoin Yield Ban
European central banks want to widen the stablecoin yield ban to cover crypto lending and staking, arguing indirect yield blurs lines with bank deposits.
If indirect yield counts the same as direct yield, where should regulators draw the line between a savings product and a payment token? This question extends beyond Europe, since other regulators are watching closely. How it gets answered could decide whether crypto lending and staking survive as accessible consumer products, or move toward less regulated markets outside the region.
https://www.bonuz.xyz/en/blog/stablecoin-yield-ban-crypto-lending-staking
European central banks want to widen the stablecoin yield ban to cover crypto lending and staking, arguing indirect yield blurs lines with bank deposits.
If indirect yield counts the same as direct yield, where should regulators draw the line between a savings product and a payment token? This question extends beyond Europe, since other regulators are watching closely. How it gets answered could decide whether crypto lending and staking survive as accessible consumer products, or move toward less regulated markets outside the region.
https://www.bonuz.xyz/en/blog/stablecoin-yield-ban-crypto-lending-staking
