regulation · MiCA · Stablecoins · European Regulation
European Central Banks Seek a Wider Stablecoin-Yield Ban
The European System of Central Banks wants a future MiCA revision to extend the remuneration ban to lending, borrowing, staking and indirect rewards.
What happened
In a response to a European Commission consultation, the ECB and EU national central banks proposed expanding the stablecoin remuneration ban and strengthening tools for foreign-currency-denominated tokens.
Blue Rogues read
The proposal would move regulation beyond direct issuer-paid interest toward economically similar rewards delivered through adjacent services. It also signals concern about monetary substitution and fragmented oversight.
What this confirms
The central-bank system is advocating broader rules and potentially stronger EU-level supervision of staking, lending and borrowing activities.
What it does not confirm
The position is not enacted law. Any MiCA revision expected in 2027 would still require Commission action and approval through the EU legislative process.
Sources and disclosures
Source: Euronews. The report is used within its stated scope, and attributed claims remain attributed. Blue Rogues has not converted a reported or conditional fact into independent certainty.
Update note
Observed September 23, 2026 at approximately 09:38 BRT. Any time-sensitive figure or developing status must be refreshed immediately before publication.