Trending Now - EU Seeks Feedback on Crypto Regulations Amid Stablecoin Push

WHO:

NewsBTC - The European Commission (EC) is involved in the review of the crypto framework.

NewsBTC - Blockchain for Europe is an organization representing international Blockchain industry players in the EU.

NewsBTC - Jan-Oliver Sell is the chief executive of Qivalis.

NewsBTC - Nearly 40 European banks are supporting the Qivalis project, including BNP Paribas, ING, and UniCredit.

WHAT:

NewsBTC - The European Commission launched a consultation on the functioning of the EU's regulatory framework on crypto assets, known as the Markets in Crypto-Assets Regulation (MiCA).

NewsBTC - The consultation seeks feedback from stakeholders and the public on the current framework's effectiveness.

NewsBTC - The consultation will remain open until August 31.

NewsBTC - The Qivalis consortium aims to launch a euro-pegged stablecoin to enhance transaction efficiency and competitiveness in Europe’s digital assets market.

NewsBTC - The Qivalis consortium has secured the support of 37 lenders.

WHERE:

NewsBTC - The Qivalis consortium was launched in Amsterdam.

WHEN:

NewsBTC - The consultation on the MiCA framework was launched on a Wednesday.

NewsBTC - The deadline for the consultation is August 31.

NewsBTC - The Qivalis consortium was launched in 2025.

WHY:

NewsBTC - The review is prompted by the evolving digital asset landscape and the need to strengthen Europe’s position in the global crypto economy.

NewsBTC - European industry groups are advocating for MiCA reforms to enhance the competitiveness of Euro-denominated stablecoins.

NewsBTC - European bankers are concerned about the dominance of the US dollar in the crypto market.

HOW:

NewsBTC - The consultation includes a public consultation for individuals and a targeted consultation for stakeholders, such as crypto issuers and service providers.

(UPDATED May 21, 2026 10:12 UTC)

The European Commission has launched a consultation on the effectiveness of the EU's regulatory framework for crypto assets, known as the Markets in Crypto-Assets Regulation, which will remain open until August 31. This initiative is part of a broader effort to strengthen Europe’s position in the global crypto economy, with nearly 40 European banks, including BNP Paribas, ING, and UniCredit, supporting the Qivalis project aimed at launching a euro-pegged stablecoin. The Qivalis consortium, which was launched in Amsterdam in 2025, seeks to enhance transaction efficiency and competitiveness in Europe’s digital assets market while addressing concerns about the dominance of the US dollar.