Stablecoin issuers in the European Union with banking assets will receive special regulation, says banking authority

“Financial distress at one ART [asset-referenced token] or EMT [e-money token] the issuer may substantially increase the likelihood of difficulties with other issuers of cryptoassets or with other financial institutions given the network of contractual obligations in which the issuers operate,” said the document seen by CoinDesk, referring to the two categories of stablecoins set […]