ADAN, a European digital asset institution, has emphasized the significant commercial potential of Europe and highlighted that the Markets in Crypto-Assets (MiCA) regulation is now “a prerequisite for any company wishing to innovate in a secure environment.” This statement was shared by ADAN in a post on September 25 on X.
“Adan and its partner @circle organised a dialogue between @jerallaire , @faufleuret and David Sabban on the subject of “MiCA and the crypto-asset market in the EU – opportunities, challenges and expectations as we approach 2025,” said . “Circle’s co-founder and CEO reaffirmed the importance of the European market for companies looking to build the future of finance using #Web3 technologies. Over and above the huge commercial potential that Europe represents, with the #MiCA regulation it has now set out the rules that are a pre-requisite for any company wishing to innovate in a secure environment. As Faustine (President of Adan) reminded us, it will now be necessary to support all companies in their journey towards compliance and to ensure that the regulatory efforts made remain sustainable so that they can continue developing.”
According to Circle’s Jeremy Allaire, the European market holds substantial importance for companies aiming to build the future of finance using Web3 technologies. He reaffirmed this perspective in a post on X. The MiCA regulations have further enhanced Europe’s commercial potential by establishing rules that ADAN describes as essential for innovation within a secure framework.
Elliptic, through a press release, announced that the European Union’s new MiCA regulations took effect on June 30 for all stablecoin issuers. This development marks “a new era of regulatory oversight for innovators in the crypto space.” The regulations require issuers to obtain approval from relevant state authorities before offering their tokens within the EU or when offering stablecoins pegged to the euro or other member state currencies.
According to LinkedIn, ADAN is a professional body representing digital assets industry players, founded in 2020 in France and Europe. Its mission is to foster a free and open digital economy by promoting digital assets. Leading ADAN is CEO and President Faustine Fleuret, who has been at the helm since 2021. The organization specializes in various areas including blockchain, Web3, digital assets, finance, security tokens, MiCA, digital technology, decentralized finance (DeFi), non-fungible tokens (NFTs), know your customer (KYC) anti-money laundering (AML), PSAN, jonum, and réglementation.
