BusinessPhoto: NDTV TechCircle’s USDC First Stablecoin Under New EU Crypto Rules
The European Banking Authority has designated Circle’s USDC as the first significant e-money token under the EU’s Markets in Crypto-Assets Regulation (MiCA). This classification followed an evaluation of USDC's holder numbers, transaction volume, and token value. Starting November 12, supervision will be jointly managed by the EBA and France’s ACPR, focusing on key financial safeguards.
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