econintersect.com
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자
No Result
View All Result
econintersect.com
No Result
View All Result
Home Econ Intersect News

USDC Issuer Circle Chooses France For Its European Expansion

admin by admin
3월 21, 2023
in Econ Intersect News, Finance
0
USDC Issuer Circle Chooses France For Its European Expansion
0
SHARES
0
VIEWS

The latest reports reveal that Circle has applied to become a licensed Electronic Money Institution and a registered Digital Asset Service Provider (DASP) in France.

Circle Internet Financial is the issuer of USD Coin (USDC) stablecoin and it has applied for regulatory approval in France, choosing the European nation for its expansion in the region. The company has already filed applications for becoming a licensed Electronic Money Institution (EMI) and a registered DASP in France.

Circle applies for license in France

Circle said in a press release on March 21 that it has filed applications seeking an Electronic Money Institution license and Digital Asset Service Provider registration as stipulated under the French Financial Markets Authority (AMF) and French Prudential Supervision and Resolution Authority.

Circle looks to become the only firm under the DASP regulatory regime to get full authorization from the AMF. Furthermore, the firm aims to grow its presence and engagement with regulators in the European market, with its operations in France.

Under the European Union’s MiCA regulation, all digital asset firms including stablecoin issuers are needed to apply for the license to offer services from 2024.

Buy Crypto Now

The Co-Founder and CEO of Circle, Jeremy Allaire, stated:

“We are excited to kick our European growth strategy into high gear with this application. France’s comprehensive efforts towards innovation-forward crypto regulation are commendable and closely align with Circle’s vision for the future of the digital payments sector.”

Many crypto providers including Crypto.com and Binance had set their European activities in France because of crypto-friendly regulators and increasing crypto adoption rates. In the meantime, Circle is facing mounting pressure from regulatory tightening and the banking crisis in the United States.

Tags: CircleDigital Asset Service Providers (DASP)digital assetsElectronic Money Institution (EMI)European UnionFranceMiCA regulationregulationstablecoinsUSD CoinUSDC
Previous Post

OKX To Stop Operations In Canada By June 22, 2023

Next Post

Banking Crisis: Credit Suisse Held Meetings Last Weekend On Scenarios For Bank – Sources

Related Posts

Namibia Will Regulate And Not Ban Crypto With New Law
Finance

Namibia Will Regulate And Not Ban Crypto With New Law

by admin
Bitcoin Stumbles As Macro And Regulatory Concerns Arise, What Next?
Economics

Bitcoin Stumbles As Macro And Regulatory Concerns Arise, What Next?

by admin
What Does Persistent Inflation Mean For Bitcoin?
Business

What Does Persistent Inflation Mean For Bitcoin?

by admin
Centralized Blockchain Payments Intensify As NY Fed Enjoys Success In The Space
Economics

Centralized Blockchain Payments Intensify As NY Fed Enjoys Success In The Space

by admin
Bitcoin Blasts Off to $34K Amid Soaring ETF Hype!
Economics

BTC price will soon break beyond $31K yearly highs – Bitcoin traders

by admin
Next Post
Canada's Banking Regulator Reiterates Creditor Hierarchy After Credit Suisse Deal Riled Bondholders

Banking Crisis: Credit Suisse Held Meetings Last Weekend On Scenarios For Bank - Sources

답글 남기기 응답 취소

이메일 주소는 공개되지 않습니다. 필수 필드는 *로 표시됩니다

Browse by Category

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

Browse by Tags

adoption altcoins bank banking banks Binance Bitcoin Bitcoin market blockchain BTC BTC price business China crypto crypto adoption cryptocurrency crypto exchange crypto market crypto regulation decentralized finance DeFi Elon Musk ETH Ethereum Europe Federal Reserve finance FTX inflation investment market analysis Metaverse NFT nonfungible tokens oil market price analysis recession regulation Russia stock market technology Tesla the UK the US Twitter

Categories

  • Business
  • Econ Intersect News
  • Economics
  • Finance
  • Politics
  • Uncategorized

© Copyright 2024 EconIntersect

No Result
View All Result
  • 토토사이트
    • 카지노사이트
    • 도박사이트
    • 룰렛 사이트
    • 라이브카지노
    • 바카라사이트
    • 안전카지노
  • 경제
  • 파이낸스
  • 정치
  • 투자

© Copyright 2024 EconIntersect