New rules on stablecoins in EU crypto asset market legislation will take effect today
Odaily2024/06/30 03:13
By:Odaily
Odaily News New rules on stablecoins in the EU Crypto-Asset
Market Legislation (MiCA Regulation) will come into effect today. According to Article 23 of the law, companies must stop issuing anchored stablecoins that are used as a means of exchange for more than 1 million transactions per day or a value of more than 200 million euros (215 million U.S. dollars). Earlier news, the European Banking Authority will publish a final report on how to monitor stablecoin issuers at the end of this month. The stablecoin rules will take effect today, and other provisions are expected to take effect in December. (CoinDesk)
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