EU MiCA Regulation May Enable Expanded Operations for USDC and Other Licensed Stablecoins by September Update
2025-07-08 09:06:50
Main Idea
The EU's MiCA regulation, fully effective since December 2024, establishes a unified legal framework for crypto assets, authorizing 53 firms including stablecoin issuers and CASPs, while enforcing compliance and delisting non-compliant tokens like USDT.
Key Points
1. MiCA harmonizes licensing, consumer protection, and operational rules across the EU, eliminating the need for country-specific approvals.
2. As of July 2024, 14 stablecoin issuers (e.g., USDC, EURCV) and 39 crypto-asset service providers (CASPs) are authorized under MiCA.
3. Non-compliant tokens like Tether (USDT) face delistings on major platforms (e.g., Coinbase, Crypto.com) due to regulatory enforcement.
4. Italian regulator CONSOB has flagged over 35 crypto firms for non-compliance, reflecting MiCA's rigorous oversight.
5. MiCA's stringent policies on algorithmic tokens (ARTs) and advertising have slowed ART adoption due to high compliance costs and complexity.
Description
Six months after the European Union fully enforced the Markets in Crypto-Assets (MiCA) regulation, 53 crypto entities have secured authorization to operate legally across the EU’s 30-member economic area. This
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