EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time

Tether, Circle and other big stablecoin issuers will soon be on a tight leash in the European Union. With new rules that take effect on June 30, not only will they require appropriate authorization to operate in the 27-nation trading bloc, they will also face the tough limits on transaction numbers and values set out in the Markets in Crypto Asset (MiCA) legislation. MiCA is the EU's comprehensive package of rules for the crypto industry. It was voted into law last year and allows firms licensed by one member nation to operate throughout the bloc. EURC is the company's euro-backed stablecoin.

Check out the hashd app. It gives you important crypto news and updates in short, simple and easy to read slides. Amazing!

iOS: https://links.hashd.co/ios

Android: https://links.hashd.co/android