New rules on stablecoins in EU crypto asset market legislation will take effect today

Bitget App

Trade smarter

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)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!

HIVE Digital Technologies commences construction of a 100 MW hydroelectric-powered Bitcoin mining facility in Paraguay, aiming to enhance sustainable crypto mining.HIVE’s Sustainable Expansion into ParaguayHarnessing Hydroelectric PowerProjected Impact on Mining CapacityConstruction Progress and Future Outlook

Coinomedia•2025/02/28 18:00

Bitcoin Fear Index Hits Extreme Lows: A Bullish Signal?

Bitcoin’s Fear Index plunges to 10—historically a signal for a major price surge. Is another rally on the horizon?Extreme Fear in Bitcoin: A Bullish Catalyst?Why Fear Creates OpportunityWhat’s Next for Bitcoin?

Coinomedia•2025/02/28 18:00