Odaily Planet Daily News Circle co-founder and CEO Jeremy Allaire said that the provisions in MiCA regarding the reserves of stablecoin companies are worrying. He explained: "It is difficult for companies in our industry to maintain a stable relationship with banks. MiCA actually introduces a lot of bank risks." It is reported that MiCA requires companies that issue stablecoins pegged to fiat currencies to hold 30% of cash reserves in multiple EU bank accounts. For important electronic currency tokens, this ratio can be as high as 60%. Some experts speculate that the MiCAII regulations will follow and update the current legislation and add more regulations on decentralized finance. (dlnews)