According to Cryptopolitan, the European Banking Authority (EBA) stated that the EU's current Markets in Crypto-Assets Regulation (MiCA) has provided the necessary tools to address liquidity and redemption risks for stablecoins, and the European Commission also indicated there is no urgent need for amendments. Previously, the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) had suggested tightening the 'multi-jurisdictional issuance and mutual recognition' model, citing concerns over risks from concentrated offshore redemptions and restrictions on cross-border USD reserve movements. https://www.(wublock123.com)/index.php?m=content&c=index&a=show&catid=6&id=51784