Crypto industry lobbies to evade AML/CTF rules
Stand With Crypto brings together citizens, builders, entrepreneurs and advocates to call on the EU to protect and promote digital innovation. Our mission is simple: boost EU competitiveness, keep innovation and talent in Europe, protect consumers with high standards and give citizens and SMEs fair access to the benefits of Web3. We call on the European institutions and national governments to back a practical, balanced programme that delivers growth, security and consumer protection.
Embrace stablecoins as critical to payments innovation and competitiveness
European citizens should be able to earn the yield generated on their MiCA-regulated stablecoins. Stablecoin issuers earn interest for holding the backing assets of stablecoins but it is illegal to pass these rewards to stablecoin holders.
The EU should also prioritise the growth of euro-denominated stablecoins to support retail and corporate payments, remittances and capital markets.
Example: Martin in Vienna holds €500 in a regulated euro stablecoin; when reserves earn interest, he gets his fair share, just like a savings product.
The EU wants to create a Savings and Investment Union (SIU), but has recommended that Member States exclude most crypto assets from planned Savings and Investment Accounts (SIAs). Citizens should be able to allocate a limited share of their long-term savings into regulated crypto products, under clear caps, risk labels and consumer protections, just as with other asset classes. This would be good for diversification and performance, increase young investor participation, and align European rules with other financial hubs.