**[European Banking Authority Believes No Need to Revise Stablecoin-Related Crypto Rules]**
The European Banking Authority (EBA) stated that despite warnings from the European Central Bank (ECB) and the European Systemic Risk Board (ESRB) about stablecoins potentially posing threats to financial stability, the existing cryptocurrency regulatory framework in the EU is sufficient to address related risks. A spokesperson for the agency acknowledged the risk of "potential large-scale redemption requests" but emphasized that the impact depends on the operational model and business scale of stablecoin issuers.
The ECB and ESRB have recommended that Brussels tighten restrictions on stablecoin companies, particularly prohibiting the "multi-location issuance" model to prevent the mixing of token circulation within and outside the EU. The ESRB warned that if investors outside the EU concentrate on redeeming tokens issued within the EU, it could trigger financial losses and liquidity crises. Additionally, there are concerns that the U.S. might block the flow of dollar reserves to Europe, further exacerbating redemption pressures for stablecoins.