Odaily Planet Daily News Circle disclosed that it has submitted a response to the European Commission’s targeted consultation on MiCA. Circle said MiCA currently authorizes about 30 electronic currency tokens, but among the top 25 stablecoins by global market capitalization, only USDC, USDG and EURC are regulated by MiCA. Circle proposes to retain a multiple issuance structure, with EU entities authorized by MiCA and foreign regulatory entities to jointly issue globally circulating stablecoins, and establish an equivalence and recognition system similar to EMIR, CSDR and MiFIR for foreign regulated stablecoins. The regulatory agency in the jurisdiction where the issuing institution is located is mainly responsible for supervision, and the EU level will conduct system equivalence determination and EBA entity recognition.
Circle recommends retaining the multiple issuance structure of stablecoins
Berita terkait
Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals
Bitcoin Magazine Circle Shareholder Sues Trump, Alleging Unconstitutional Profits From $2B UAE Crypto Deals A shareholder of stablecoin giant Circle has alleged the president corru...
Michael Howell: Bitcoin sebagai Aset Likuiditas Puncak
📺 Tonton VideoBitcoin Magazine Michael Howell: Bitcoin sebagai Aset Likuiditas Puncak Michael Howell dari CrossBorder Capital menjelaskan mengapa likuiditas global menggerakkan pa...
Richard Byworth: Pelarian Bitcoin Berikutnya "Hanya Soal Waktu" berkat Habisnya Penjual
Majalah Bitcoin Richard Byworth: Lonjakan Bitcoin Berikutnya "Hanya Soal Waktu" berkat Habisnya Penjual Dapatkah Anda memperoleh imbal hasil dari Bitcoin dengan aman? Richard Bywor...
Lorenzo Valente dari Ark Invest: Proyeksi Bitcoin 5 Tahun – Dampak Stablecoin & Emas
Bitcoin Magazine Lorenzo Valente dari Ark Invest: Proyeksi Bitcoin 5 Tahun – Dampak Stablecoin & Emas ARK Invest mempertahankan tesis Bitcoin 5 tahunnya meskipun tahun ini datar. L...
Understanding Digital Money and Digital Yield
Bitcoin Magazine Understanding Digital Money and Digital Yield This is an in-depth overview of the nascent business models built on top of the preferred securities of Bitcoin balan...