[The European Commission Intends To Relax Mica Rules, And The ECB Strongly Opposes The Proposal] There Are Rumors That The European Commission Is About To Make A Small Relaxation Of The Provisions On EU Stablecoins In Mica (Crypto Asset Market Regulation). Specifically, The Commission Plans To Allow Stablecoins Issued In The Global Market But Not Approved By The EU To Be Exchanged With Compliant Stablecoins Limited To The EU. In Response, The European Central Bank (ECB) Strongly Opposed The Proposal And Advocated The Issuance Of A Digital Euro (CBDC). The ECB Warned That The Move Could Pose A Risk To The Stability Of The European Banking System, But Ignoring The Growth Of Stablecoins Is Also Potentially Dangerous. Since Mica Came Into Effect In December 2024, The Cryptocurrency Landscape In Europe Has Changed Dramatically. In Fact, The Change May Have Been Too Drastic. The Global Stablecoin Market Is Heating Up, And The Largest Stablecoin Issuer Has Withdrawn From The EU Market, But Its Business Has Not Been Significantly Affected. Against This Background, Some Regulators Are Considering Making Adjustments To Existing Regulations. According To Reuters, European Commission Officials May Soon Relax Some Of Mica's Requirements For Stablecoins. But It Should Be Clear That This Will Not Reduce The Strictness Of License Approval. Conversely, If A Company Issues Both An EU-only Token And A Global Version, It Could Allow Both Assets To Be Used Interchangeably In European Markets In The Future