在欧盟内部的加深政策鸿沟中，欧洲中央银行（ECB）对美元支持的Stablecoins发出了强烈警告

这些数字资产涉及欧洲央行关于欧洲金融独立性。欧洲中央银行需要立即对加密资产（MICA）法规的市场进行修订。

The European Central Bank (ECB) is pressing for immediate revisions to the Markets in Crypto-Assets (MiCA) regulation, highlighting the urgency in a statement released on Thursday.

欧洲中央银行（ECB）正在迫使加密资产（MICA）法规的市场立即修订，在周四发布的声明中强调了紧迫性。

The urgency stems from the European Central Bank’s concerns over U.S. dollar-backed stablecoins, which could disrupt European financial systems with large-scale financial flows, ultimately reducing the role of the euro currency and diverting funding from European markets.

紧迫性源于欧洲中央银行对美元支持的Stablecoins的担忧，这可能会以大规模的金融流量破坏欧洲金融体系，最终降低了欧元货币的作用并从欧洲市场转移了资金。

The main subject of this dispute involves stablecoin regulation since stablecoins function as digital currencies that maintain value stability when tethered to traditional currencies such as the US dollar. The ECB notes that increased use of these assets presents a risk to the monetary control power that national and regional authorities hold.

该争端的主要主题涉及稳定的调节，因为稳定币是数字货币的作用，这些数字货币在束缚在诸如美元的传统货币上时保持价值稳定性。欧洲央行指出，增加这些资产的使用给国家和地区当局所拥有的货币控制权带来了风险。

The European Central Bank (ECB) is pressing for immediate revisions to the Markets in Crypto-Assets (MiCA) regulation. The urgency stems from the ECB’s concerns over U.S. dollar-backed stablecoins, which could disrupt European financial systems with large-scale financial flows, ultimately reducing the role of the euro currency and diverting funding from European markets.

欧洲中央银行（ECB）正在敦促立即对加密资产（MICA）法规的市场进行立即修订。紧迫性源于欧洲央行对美元支持的稳定币的担忧，这可能会以大规模的金融流量破坏欧洲金融体系，最终降低了欧元货币的作用并将资金从欧洲市场转移。

“The U.S. administration and Congress are working on legislation to regulate stablecoins, which could be backed by the dollar and used in cross-border payments,” said the ECB in a statement.

欧洲央行在一份声明中说：“美国政府和国会正在制定立法，以规范稳定的人，这可能会受到美元的支持并用于跨境支付。”

The statement adds that the administration is also considering allowing a limited number of large U.S. institutions to hold a wider range of crypto assets.

声明补充说，政府还正在考虑允许有限数量的美国大型机构持有更广泛的加密资产。

The European Union's executive branch, the European Commission, has defended the existing legal framework, asserting that it provides sufficient safeguards.

欧洲联盟的行政部门欧洲委员会为现有的法律框架辩护，并断言它提供了足够的保障措施。

"The Commission considers that the existing legal instruments are sufficient to mitigate any risks arising from international stablecoins," said the Commission in a policy paper.

该委员会在政策文件中说：“委员会认为现有的法律文书足以减轻国际稳定的任何风险。”

The Commission claims that the ECB misinterprets the regulatory goals because the bank fails to understand the limits of EU issuers’ obligation to issue and redeem stablecoins within the European Union.

委员会声称，欧洲央行误解了监管目标，因为银行未能理解欧盟发行人在欧盟内部发行和赎回stablecoins的限制。

"The Commission maintains that MiCA already contains sufficient safeguards to manage the risks posed by large-scale stablecoins, taking into account the specificities of the Union's legal order and the interplay of various regulatory domains," the paper continues.

该论文继续说：“委员会认为，考虑到工会法律命令的特殊性以及各种监管领域的相互作用，云母已包含足够的保障措施来管理大型稳定股的风险。”

In recent discussions among EU finance officials, the Commission received wider backing for its specific position. Some European Union member states preferred to let existing rules be implemented while showing resistance to new regulations at this point. A senior diplomat from the EU expressed the weak governmental interest in revising a regulation just months after its adoption took effect.

在欧盟财务官员最近的讨论中，委员会因其特定立场而获得了更广泛的支持。一些欧盟成员国更愿意实施现有规则，同时在这一点上表现出对新法规的抵制。欧盟的一名高级外交官表示，在采用后仅几个月，就对修改法规的政府利益薄弱。

"There is no appetite in the governments to go back to the table so quickly," said the diplomat.

这位外交官说：“政府没有渴望如此迅速地回到桌子上的食欲。”

The statement from the European Central Bank follows an earlier warning from ECB President Christine Lagarde, who, together with Executive Board Member Piero Cipollone, insisted on stronger regulatory measures.

欧洲中央银行的声明在欧洲央行总裁克里斯汀·拉加德（Christine Lagarde）的较早警告下，他与执行委员会成员皮埃罗·齐波隆（Piero Cipollone）一起坚持了更强大的监管措施。

Current statements from officials reveal an institutional belief that MiCA lacks sufficient power to mitigate expanding global stablecoin market risks. ECB officials warn about potential dangers in rising EU investments in U.S. debt instruments because it would increase EU dependence on external financing.

官员的当前声明表明，机构信念认为，云母缺乏减轻全球稳定市场风险的足够权力。欧洲央行官员警告说，欧盟对美国债务工具的投资增加可能会增加欧盟对外部融资的依赖。

In parallel, the ECB might maintain its opposition against stablecoins because it seeks to launch its digital euro project. The introduction of this initiative marks a strategic approach against crypto asset growth while enabling Eurozone countries to maintain financial control in the increasingly digital global marketplace.

同时，欧洲央行可能会对稳定币的反对，因为它试图启动其数字欧元项目。该计划的引入标志着一种反对加密资产增长的战略方法，同时使欧元区国家能够在日益数字的全球市场中保持财务控制。

Finally, the dispute between the ECB and the Commission shows the difficulty of achieving innovation alongside effective regulations. The European Union will face an essential examination of its regulatory infrastructure between defending its monetary interests as transnational crypto operations adapt.

最后，欧洲央行与委员会之间的争议显示了与有效法规一起实现创新的困难。欧盟将面临对其监管基础设施的基本检查，以捍卫其作为跨国加密运营的货币利益。