🔥Circle would be the first stablecoin issuer that complies with MICA regulations
#Circle obtained the license and approval to issue stablecoins under the regulatory framework of the #criptoactivos Markets ( #MICA ) of the European Union, as announced by Jeremy Allaire, co-founder and CEO of Circle.
Circle issues stablecoins #USDC and EURC, which would be compliant with immediate effect. This new regulatory framework requires a series of actions for many companies and users who wish to issue or use stablecoins within the European Union.
USDC is the second largest stablecoin pegged to the dollar, behind only USDT. Some authorized #exchanges are already starting to take action against other stablecoins, either through listing or restrictions.
On the other hand, the CEO of Tether, Paolo Ardoino, indicated that he is concerned that the MICA law contains several "problematic" requirements, due to the vulnerabilities and risks that exist when operating.
I think it is a beginning to establish a regulatory framework within stable currencies, and since it is something new, we have to continue experimenting to know what the final result will be. This does not rule out that along the way more things may have to be added or some removed.
👉Do you want to continue learning about the crypto world?
Share and follow me for more 👈😎
