CRYPTO NEWS AROUND THE GLOBE

How Bitcoin’s record run could ignite a $2.5bn ‘powder keg’ of short interest

Funding for blockchain startups on the rise with the crypto rally

Crypto investors now have better protection

Crypto investment products see record year-to-date inflows of $13.8 billion

Ripple chief sees crypto market doubling in value in 2024

AMF Threatens Bitget: Potential Block in France for Crypto Platform!

EU Watchdog Says Reordering Blockchain Transactions Might Be Market Abuse. Industry Says It's Not

The UK has a plan to help its financial industry seize $14tn tokenisation opportunity

7 Central Banks, including the Banque de France, are starting to explore tokenization to secure monetary exchanges

A European FinTech Hub Prepares to Get Tough on Crypto Companies

Crypto: Market Poised For Positive Second Quarter, Coinbase Says

Bank of England, FCA target autumn 2024 as earliest starting date for first UK Digital Securities Sandbox cohort

Binance breaks silence on Nigerian crisis by insisting detained exec has ‘no decision-making power’

Binance announces the listing of the Wormhole (W) token

D-7 before Paris Blockchain Week – What to expect?

Cryptocurrencies In Paris: Poubelle Coin And $ratp Invade The 2024 Olympics

Report by Bitget Reveals 1.5 Million Daily Active Crypto Traders in Western Europe

Global crypto funds rebound with nearly $900 million in net inflows last week

Stablecoin delistings in Europe spell change for crypto exchanges, issuers

Demystifying EU crypto legislation, insights from former Icelandic Central Bank chairman

Binance slammed with $35m money-laundering charge in Nigeria

Binance Introduces Ethena (ENA) as 50th Launchpool Project

FTX founder Sam Bankman-Fried sentenced to 25 years in prison

EU Markets Watchdog Steps Closer to Finalizing Rules Under MiCA

Global crypto funds saw record net outflows of nearly $1 billion last week

Binance Labs invests in StakeStone as it continues to bet big on restaking sector

Patrick Hansen Clarifies EU Regulation Misinformation: No Ban on Self-Hosted Wallets – News Bytes Bitcoin News

EU Clamps Down on Crypto Anonymity to Fight Money Laundering

JPMorgan Warns of Further Bitcoin Decline Despite Recent Correction

Europe's Crypto Embrace Slowed, Watchdog Faces Resource Crunch

All Crypto News Around The Globe

Circle announces compliance with European Union Markets in Crypto-Assets regulations

Policy

Circle Chief Executive Officer Jeremy Allaire | LinkedIn

By Crypto Republique

Jul 9, 2024

The global financial technology firm announced they are the first global stablecoin issuer to be in compliance with the European Union's (EU) Markets in Crypto-Assets (MiCA) regulatory framework which came into effect on June 30. The company made the announcement in a press release on July 1.

The European Economic Area (EEA) announced they will regulate stablecoins starting in July of 2024, meaning only authorized companies will be able to offer stablecoins to customers. These “Regulated Stablecoins” will not have the same restrictions as “unauthorized stablecoins” that carry over from the period before EEA regulations.

Circle was able to achieve compliance with the new rules by attaining an Electronic Money Institution (EMI) license from the French banking regulatory authority Autorité de Contrôle Prudentiel et de Résolution (ACPR). The license ensures that the USDC and EURC being issued comply with the MiCA’s regulatory obligations for stablecoins or e-money tokens.

Get the Newsletter

Sign-up to receive weekly round up of news from Crypto Republique

“Since our founding, Circle has sought to build durable, compliant, and well-regulated infrastructure for stablecoins, and our adherence to MiCA, which represents one of the most comprehensive crypto regulatory regimes in the world, is a huge milestone in bringing digital currency into mainstream scale and acceptance,” Circle co-founder and Chief Executive Officer Jeremy Allaire said. “By working closely with French and EU regulators, we are now able to offer both USDC and EURC as fully-compliant dollar and euro stablecoins to the European market, unlocking the enormous potential of digital assets to transform finance and commerce.”

Binance, the largest crypto exchange in the world, announced on June 3 that it would implement several changes in order to comply with the MiCA stablecoin regulations taking effect June 30, according to a post on the company's website. Binance said it would restrict the availability of Unauthorized Stablecoins, and users would not be able to use Unauthorized Stablecoins in spot trading pairs.

Circle is a financial technology company known for developing USDC (USD Coin), a digital currency pegged to the US dollar on a 1:1 basis. The company collaborates closely with regulators to ensure USDC meets and exceeds standards for stablecoins. According to the company website, the company's mission is to enhance global economic prosperity by facilitating frictionless value exchange through USDC.

Organizations Included in this History

Binance

More News

BBVA expands crypto services to include USD Coin

BBVA announced it is expanding its cryptocurrency custody and trading services to include USD Coin (USDC). This addition will benefit the bank’s institutional and individual account holders in Switzerland.

Sep 16, 2024

Alpha Architect announces insights on private investment volatility

Alpha Architect announced Larry Swedroe's insights on the impact of spreading volatility in private investments. The research shows that private equity's infrequent valuations can smooth returns, leading to underestimated risks and over-allocation.

Sep 14, 2024

European Crypto Initiative Team said: MiCA is 'critical... to regulate the rapidly evolving crypto-asset market with the EU.'

The European Crypto Initiative (EUCI), a blockchain advocacy group, said that the MiCA Regulation aims to create a harmonized regulatory framework for crypto-assets. EUCI shared their statement on a September 6th post on X.

Sep 13, 2024

The European Crypto Initiative Team: 'Big changes are coming to the crypto world in the EU, and it all starts with #MiCA'

The European Crypto Initiative (EUCI), a European blockchain advocacy group, stated that the Markets in Crypto-Assets (MiCA) regulations are poised to bring significant changes to the crypto world within the European Union. EUCI shared their statement on September 4 via a post on X.

Sep 6, 2024

Dimitrios Psarrakis, former EU Economist, on U.S. crypto regulations: ‘I see the footprint of MiCA in every suggestion.’

Dimitrios Psarrakis, a former EU economist, stated that U.S. lawmakers are attempting to align with the EU's crypto regulations as established by the Markets in Crypto-Assets legislation. Psarrakis shared his statement in an August 26 video posted by the European Crypto Initiative on X.

Sep 5, 2024

Kaiko, Research Team of Kaiko Smart Data, said FDUSD’s market share ‘increase is notable’

Kaiko, a Paris-based crypto market data provider, reported that the stablecoin FDUSD saw a "notable" increase in its market share on Binance, the largest crypto exchange in the world by trading volume, at the end of July. Kaiko shared this statement in an August 19 post on its website.

Sep 2, 2024

Crypto Comments

Loading...

No comments available.