Circle Achieves Landmark Compliance with EU's New Crypto Regulations
Circle becomes the first global stablecoin issuer to secure a license under the EU's MiCA framework, marking a significant step for the digital currency industry.
- Circle has obtained an Electronic Money Institution license from France's banking authority.
- The company can now issue USDC and EURC stablecoins across the European Union.
- This compliance allows Circle to offer its services throughout the EU via Circle Mint.
- MiCA regulations aim to enhance investor protection and financial stability in the crypto market.
- Circle's move sets a precedent as other stablecoin issuers navigate the new EU rules.