Circle, a prominent global stablecoin issuer, has revealed that its stablecoins USDC and EURC can now be available under the recent enactment of EU stablecoin regulations. This achievement positions it as the pioneer in complying with the Markets in Crypto Assets (MiCA) framework. As a result, starting from July 1st, the company will directly issue […]
Search Results for: EU regulation
ING Moves to Launch Euro Stablecoin in Compliance with MiCA Regulations
ING is developing a euro-denominated stablecoin, collaborating with other institutions under MiCA regulations to create a compliant digital asset for the market.
Crypto Regulation: Italy to Issue Guidelines for EU Rules Implementation
Italy’s central bank is poised to release guidelines for implementing the European Union’s new cryptocurrency regulations. Governor Fabio Panetta announced that the guidelines will aim to ensure the effective application of the EU’s Markets in Crypto-Assets Regulation (MiCA) while safeguarding cryptocurrency holders. Panetta’s address to the Italian Banking Association outlined the risks and distinctions within […]
Crypto Regulation: EU’s MiCA Act Sparks Global Concerns & Opportunities
The European Parliamentary Research Service (EPRS) has released a report emphasizing the necessity for increased oversight by non-European Union (EU) regulators to ensure greater stability and development in the global crypto asset market. Crypto Concerns: EU Commissioner’s Worries As the EU’s Markets in Crypto-Assets Regulation (MiCA) Act progresses toward implementation by December 2024, the EPRS report underscores […]
European Union Enacts MiCA Legislation: A Game-Changer for Crypto Regulation
The European Union has significantly regulated crypto by formally implementing the Markets in Crypto-Assets (MiCA) legislation. After approximately three years since its introduction by the European Commission, the eagerly awaited cryptocurrency regulatory framework was officially signed into law on May 31. The signing ceremony involved Peter Kullgren, Sweden’s minister for rural affairs, and Roberta Metsola, […]
EU Council Unanimously Approves MiCA: Breakthrough Milestone In Establishing Clear Crypto Regulations
After a voting procedure on May 16, the Council of the European Union (EU) has granted its ultimate endorsement to the highly anticipated legislation known as Markets in Crypto-Assets (MiCA), paving the way for it to become an officially recognized and standardized law. All 27 Finance Ministers representing the European Union member states voted to […]
Following FTX Failure, Christine Lagarde Pushes For Crypto Regulation in the EU
Following the failure of the Bahamas-based exchange FTX, Christine Lagarde, the European Central Bank (ECB) president, stated during the speech at the Committee on Economic and Monetary Affairs of the European Parliament on November 28th that regulating cryptocurrencies in the European Union is an “absolute necessity.” Responding to questions from policymakers who were concerned about […]
Europe should entail stricter crypto regulations, Irish MEP recommends
Europe has been dealing with a mixed notion with regard to the crypto market. While some have been urging the European Union to bring about stringent rules for crypto, a few others are already embracing digital assets. A Member of the European Parliament [MEP] who has been representing Ireland has been reportedly yearning for stern […]
End Of Libra? European Union Demands Severe Regulations On Stablecoins
Even though cryptocurrencies were rolled out to veer away from the shackles of centralized institutions, over the years several authorities from across the world have attempted to regulate the crypto industry. The members of the European Union seem to be the latest ones to be making news over the same. ‘Only ECB Is Allowed To […]
Proposed Pan-Europe Crypto and Digital Finance Regulation Framework to Boost Crypto Assets Growth
According to a recent report by the financial news agency IFC Review, the European Commission, the law-making arm of the European Union, is concluding the first-ever crypto and digital finance regulatory structure proposed by Europe. The pan-European structure is intended to strengthen the development of crypto assets in the long run. If the regulation is […]