EU crypto rules would allow terra, just not as a stablecoin

Final laws set to prevent algorithmic coins from styling themselves as “stable”, says insider

It was stable until it really, really wasn’t. The collapse of terraUSD rocked crypto markets in May, wiping out many of its retail investors and hurting confidence in the structure of so-called algorithmic stablecoins.

The European Union is the closest major jurisdiction in establishing its own laws to protect investors in the wild west of crypto, but would the soon-to-be-agreed laws have protected investors from a European version of terra?

Yes and no. A digital provider could market a

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

Most read articles loading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here