Quantcast
Payment giant Stripe now offers cryptocurrency purchases by credit card in Europe
Vitalik Buterin, as Other Crypto Leaders Line Up Behind Trump, Argues Against Picking Candidates Just Because They Like Crypto
German government's bitcoin selloff nets $2.9 billion as film piracy case marches on
Singapore court ruling fans suspicions the $125m Multichain hack was an inside job
Will Bitcoin 2024 Conference Be a Game Changer for Crypto?
Plaintiffs File New, Slimmed Down Complaint in Class Action Lawsuit Against Tether
Forbes releases the best crypto top 10 of the year 2024, +90 at 1300%
Why JPMorgan sees a Bitcoin rebound in August
Europe Conquering the Crypto Market: $100 Trillion at Stake!
Binance CEO on 200 million user milestone: 'Crypto has become too big to ignore and is not going away'
SEC Relaxes Crypto Reporting Rules for Banks and Brokerages
Germany Almost Done Selling Bitcoin, Holding Less Than 5K Tokens After Latest Moves
US lawmakers take action in Congress to free Binance executive in Nigeria
Ethereum Jumps 11% in 4 Days: US CPI, Imminent ETF Launch Could Accelerate Rise
Crypto Exchange BitMEX Pleads Guilty to Violating the Bank Secrecy Act From 2015 to 2020
Cyprus Issues Alert to Accounting Professionals to Combat Crypto Terror Financing
French giant Vivendi now authenticates and protects its content via blockchain
Crypto: SEC on the Verge of Approving Ethereum ETFs
Italy to change crypto regulations to comply with MiCA
France’s shock election wins will upend crypto tax cuts, industry fears
Digital Asset Investment Products Gain $441M Amid Mt. Gox, German Sell-Offs: CoinShares
Metis co-founder's ZKM plans to launch Bitcoin Layer 2 GOAT Network
Prediction Markets and Polls Both Got the French Election Wrong
The duel between Gensler and Coinbase continues
Binance CEO: Company co-founder 'took full responsibility for past mistakes'
Binance, Hong Kong’s Organized Crime and Triad Bureau team up for law enforcement sharing session
Dissolution : la France aurait perdu « un trimestre de croissance », selon la Confédération des petites et moyennes entreprises (CPME)
Circle clears MiCA hurdle to become licensed stablecoin issuer in EU
Sony to Restart Japanese Crypto Exchange Whalefin Purchased From Amber Group in 2023
Crypto Exchange Bitget Sees India as ‘High-Priority Market,’ Mulls Expansion

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

Policy
Webp jeremy
Circle Chief Executive Officer Jeremy Allaire | LinkedIn

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
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

“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
More News

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 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

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 (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, 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, 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