CyprusEBA to supervise USDC as EU's first significant e-money token under MiCA
The European Banking Authority will directly supervise USDC, classifying it as the EU's first significant e-money token under the MiCA regulation.
Background
The European Union's Markets in Crypto-Assets (MiCA) regulation, effective from December 2024, establishes a comprehensive framework for crypto-assets. It aims to protect investors and maintain financial stability by regulating issuers and service providers of crypto-assets, including stablecoins like e-money tokens.
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EBA's USDC Decision and Stablecoin Supervision
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started 1h ago•Last update 1h ago
The EBA will directly supervise key safeguards for USDC, marking a significant development for stablecoin regulation in the EU.
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