EU authority classifies Circle’s USDC as ‘significant’ under MiCA
Summary
European regulators have designated the second-largest stablecoin as a significant e-money token under the Markets in Crypto-Assets framework. Consequently, the digital asset will face direct oversight from both national French regulators and broader European Union authorities.
The second-largest stablecoin by market cap will be overseen by French and EU authorities under its classification as a “significant e-money token.“
Source: Read the full story at Cointelegraph.com News
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