The European Banking Authority has developed technical standards for stablecoin issuers like Tether and Circle, which are expected to become official by year-end.
The 15 technical standards submitted cover critical areas such as authorization, stress testing, and methods for estimating transaction volume and value.
The MiCA regulation allows crypto companies to operate with a single license across the EU's 27 nations, marking a significant advancement in digital asset regulation.
After approval from the European Commission, these standards will undergo scrutiny by the European Parliament and the Council before their official publication.
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