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EU council bars 'stablecoins' pending risk assessment
By EUobserver
The EU council said on Thursday that "stablecoins" (a type of cryptocurrency designed to minimise the volatility of the price) "should not come into operation until all of these risks and concerns are properly addressed". The lack of adequate information about the operability and risks of stablecoins makes it difficult to reach definitive conclusions on whether and how the existing EU regulatory framework applies, the institution concluded.