The EU Releases Draft Regulatory Standards for Stablecoin Issuers

The EU has released preliminary regulatory guidelines for stablecoin issuers regarding the resolution of complaints.

The Regulatory Technical Standards (RTS) published on Wednesday outline procedures for ensuring speedy, fair, and consistent handling of complaints by holders of asset reference tokens (ARTs).

These standards provide clear instructions and requirements for stablecoin issuers to follow when implementing complaint management policies and procedures.

The European Banking Authority (EBA) stated that this framework aims to encourage innovation and fair competition, while also protecting retail holders and maintaining the integrity of crypto asset markets.

The regulatory framework, known as Markets in Crypto Assets (MiCA), defines ARTs as stablecoins that can reference multiple fiat currencies or other assets, unlike stablecoins that are tied to the value of only one currency, such as the euro or US dollar.