🇪🇺 LATEST: The European Commission will issue a directive allowing the exchange of stablecoins between issuers inside and outside the European Union according to MiCA rules!
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📄 Decision Details:
– According to Reuters, the European Commission is preparing to issue an official directive
– Objective: to allow the exchange of stablecoins between:
🔹 issuers from within the European Union
🔹 and issuers from outside it
– This comes as part of the implementation of the MiCA regulatory framework for crypto assets
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💡 Importance of the Decision:
– Enhances global integration in the use of stablecoins
– Allows institutions from outside the European Union, such as Circle or Tether, to operate smoothly within European markets
– A step towards establishing a stable alternative digital Euro in international transactions
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📈 Potential Impact:
– Increased institutional adoption of stablecoins in Europe
– Supporting projects like $USDC and $EURC for cross-border expansion
– Strengthening Europe's position as a leading regulatory hub in Web3
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❓Do you think this decision will make the European Union a global hub for stablecoin trading?
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