50,000 Europeans petition EU to reverse MiCA stablecoin reward ban ahead of bloc-level review 🍪
More than 50,000 Europeans have signed a petition urging the European Commission to roll back restrictions on stablecoin rewards as part of the upcoming review of the Markets in Crypto-Assets (MiCA) framework.
The petition, surfaced on October 1, targets a corner of MiCA that has drawn pushback since the rules took effect: limits on yield-bearing or reward-paying stablecoin offerings, introduced to separate euro-denominated e-money tokens from interest-style products.
Why it matters on a Friday:
• The reward cap sits inside the broader MiCA review now underway, which Brussels opened partly to gauge whether the framework is fit for purpose.
• Petition thresholds matter in Europe — once signatures clear the bar, the Commission is expected to engage, even if no policy change is guaranteed.
• Stablecoin issuance and euro liquidity are core Euro-area topics; any softening of the rules would directly reshape EU-licensed euro-pegged stablecoin economics.
The signatories are asking regulators to allow regulated issuers to offer rewards again, framing them as a user-acquisition tool rather than a deposit substitute.
No financial advice. Not legal.
#MiCA #Stablecoins #EU #CryptoRegulation