The European Union MiCA will meet a key deadline on June 30, and stablecoin regulations will be gradually implemented
2024-06-11 13:14:21
On June 11, the European Union Crypto Asset Markets Regulation (MiCA) will be implemented in stages. June 30 is a key deadline. Some regulations applicable to stablecoins are being gradually implemented. Existing stablecoin issuers must begin to adjust their operations to comply with certain MiCA requirements from the June 30 deadline. However, the most stringent requirements (such as capital and reserve obligations) will come into full effect at a later date, thus ensuring an adaptive transition period for existing businesses. Stablecoin issuers operating outside the European Union but providing services to European Union residents will also need to comply with MiCA regulations.
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