Europos Centrinis Bankas (ECB) u\u017e u\u017edar\u0173 dur\u0173 \u012fsp\u0117jo ES finans\u0173 ministrus, kad si\u016blymai su\u0161velninti taisykles euro stabilizuot\u0173 kriptovaliut\u0173 leid\u0117jams gal\u0117t\u0173 susilpninti bankus ir padidinti rizikas finans\u0173 stabilumui. Apie tai prane\u0161ta po diskusij\u0173, kuriose buvo svarstoma, kaip paskatinti euro stabilizuot\u0173 \u017eeton\u0173 rink\u0105, \u0161iuo metu atsiliekan\u010di\u0105 nuo JAV doleriu paremt\u0173 sprendim\u0173.<\/p>\n
Diskusij\u0173 esm\u0117 buvo likvidumo reikalavimai: dalis politikos formuotoj\u0173 ir ekspert\u0173 si\u016blo leisti stabilizuot\u0173 kriptovaliut\u0173 emitentams laikyti ma\u017eiau itin likvid\u017ei\u0173 atsarg\u0173 ir sukurti ai\u0161kesn\u012f mechanizm\u0105, kaip kriz\u0117s metu b\u016bt\u0173 u\u017etikrinamas i\u0161pirkimas. ECB pozicija grie\u017eta: jei tokie emitentai gaut\u0173 lengvesn\u0119 prieig\u0105 prie likvidumo, bank\u0173 ind\u0117liai gal\u0117t\u0173 spar\u010diau persikelti \u012f \u017eetonus, o tai didint\u0173 bank\u0173 finansavimo kain\u0105 ir ribot\u0173 kreditavim\u0105.<\/p>\n
\u201eJei dideli ind\u0117li\u0173 srautai persikelt\u0173 i\u0161 bank\u0173 \u012f stabilizuot\u0173 kriptovaliut\u0173 emitentus, bank\u0173 finansavimas brangt\u0173, o j\u0173 galimyb\u0117s skolinti ma\u017e\u0117t\u0173\u201c, \u2013 sak\u0117 diskusijas \u017einantis \u0161altinis.<\/p>\n
Dar viena jautri id\u0117ja, kuri sulauk\u0117 pasiprie\u0161inimo, buvo galimyb\u0117 stabilizuot\u0173 kriptovaliut\u0173 bendrov\u0117ms kriz\u0117s metu remtis centrini\u0173 bank\u0173 likvidumu. ECB argumentas paprastas: centrinio banko \u201epaskutin\u0117s instancijos skolintojo\u201c funkcija tradici\u0161kai skirta pri\u017ei\u016brimiems bankams, tod\u0117l i\u0161pl\u0117tus \u0161i\u0105 schem\u0105 priva\u010dioms kriptovaliut\u0173 \u012fmon\u0117ms b\u016bt\u0173 kuriama moralin\u0117s rizikos paskata ir nery\u0161ki atsakomyb\u0117s riba.<\/p>\n
Gin\u010das vyksta platesniame kontekste, kai Europos Komisija vertina, ar reikia tikslinti MiCA reglamento taikym\u0105 stabilizuotoms kriptovaliutoms. MiCA, kuris taikomas nuo 2024 met\u0173, numato reikalavimus atsarg\u0173 sud\u0117\u010diai ir i\u0161pirkimo proced\u016broms, kad vartotojai gal\u0117t\u0173 atgauti l\u0117\u0161as, o staigus i\u0161pirkim\u0173 bumas neperaugt\u0173 \u012f sistemin\u012f sukr\u0117tim\u0105.<\/p>\n
Rinkos dalyviai pabr\u0117\u017eia konkurencingumo aspekt\u0105: JAV stabilizuot\u0173 kriptovaliut\u0173 ekosistema auga grei\u010diau, o doleriu paremti \u017eetonai dominuoja pagal apimtis ir likvidum\u0105. ECB ir dalis centrini\u0173 bank\u0173 atstov\u0173 akcentuoja prie\u0161ing\u0105 rizik\u0105: jei euro \u017eetonams b\u016bt\u0173 sukurta palankesn\u0117 aplinka be pakankam\u0173 apsaug\u0173, europin\u0117s finans\u0173 sistemos pa\u017eeid\u017eiamumas did\u0117t\u0173, ypa\u010d masini\u0173 i\u0161pirkim\u0173 atvejais.<\/p>\n
ECB kartu t\u0119sia darbus d\u0117l skaitmeninio euro, kur\u012f institucija sieja su saugesne, vie\u0161ojo sektoriaus atsiskaitym\u0173 infrastrukt\u016bra. Kritikai baiminasi, kad pla\u010diai naudojamas skaitmeninis euras gal\u0117t\u0173 ma\u017einti bank\u0173 ind\u0117li\u0173 baz\u0119, o ECB atsako, jog dizaino sprendimai turi u\u017ekirsti keli\u0105 staigiam ind\u0117li\u0173 nutek\u0117jimui ir i\u0161laikyti pinig\u0173 politikos perdavimo kanal\u0173 veikim\u0105.<\/p>\n","protected":false},"excerpt":{"rendered":"
ECB persp\u0117ja, kad \u0161velnesn\u0117s euro stabilizuot\u0173 kriptovaliut\u0173 taisykl\u0117s gali branginti bank\u0173 finansavim\u0105 ir didinti finans\u0173 sistemos rizik\u0105.<\/p>\n","protected":false},"author":0,"featured_media":28834,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[94],"tags":[1621,115,1620,114,9365,6297,21173],"miestas":[],"class_list":["post-28833","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-finansai","tag-bankai","tag-bitcoin","tag-europos-centrinis-bankas","tag-kriptovaliutos","tag-mica","tag-skaitmeninis-euras","tag-stabilizuotos-kriptovaliutos"],"acf":[],"_links":{"self":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/28833","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/comments?post=28833"}],"version-history":[{"count":0,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/posts\/28833\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media\/28834"}],"wp:attachment":[{"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/media?parent=28833"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/categories?post=28833"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/tags?post=28833"},{"taxonomy":"miestas","embeddable":true,"href":"https:\/\/cp.snarskis.lt\/index.php\/wp-json\/wp\/v2\/miestas?post=28833"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}