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Eneko Knörr, CEO of Stabolut, believes that the EU’s MiCA regulation, aimed at regulating crypto assets, could unintentionally strengthen the U.S. dollar’s dominance. By imposing strict regulations on euro-backed stablecoins, MiCA hinders euro-stablecoin innovation and favors the USD. This could have geopolitical implications and hinder Europe’s global financial influence.
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