European Blockchain Association teams up with former ECB officials to release a report calling for reforms to MiCA to enhance the competitiveness of euro stablecoins

Deep Tide TechFlow News. On April 27, according to Blockchain for Europe, the European Blockchain Association, together with Dr. Ulrich Bindseil, former General Director of Market Infrastructure and Payments at the European Central Bank, and Erwin Voloder, the Association’s Research and Strategy Director, jointly released a report titled “Reforming MiCA to Support Euro Stablecoins” on April 27.

The report recognizes the importance of MiCA as a milestone regulatory framework, but also points out that some of its design choices may put Europe in the unfavorable segment of the regulatory “Laffer curve”—overly stringent requirements would weaken the EU’s market competitiveness and push related business activities outside the EU. The report therefore puts forward a series of targeted, practical reform recommendations, aiming to help MiCA build a more competitive, resilient, and globally influential euro stablecoin ecosystem. It also calls on policymakers, industry participants, and all relevant stakeholders to actively take part in the discussion, jointly promoting the ongoing improvement of the MiCA framework.