The EU IS HELLBENT ON KILLING FREE MARKET FORCES.
EU weighs stablecoin “kill switch”: Germany and Italy have jointly proposed an EU-wide “kill switch” that would let regulators abruptly ban foreign global stablecoins operating in the bloc if they threaten financial stability or breach rules, Euronews reported. The plan would allow the European Union to bar stablecoins issued outside the bloc unless their home-country regulations are deemed equivalent to EU standards.