EBA Designates Circle’s USDC as EU’s First Significant E-Money Token
The European Banking Authority classified USDC as a significant e-money token under the Markets in Crypto Assets Regulation, the first of 45 EMTs notified in the bloc to meet the threshold.
The European Banking Authority said Wednesday that it has classified USDC as a "significant" e-money token under the Markets in Crypto Assets Regulation, making it the first of the 45 EMTs notified in the bloc to meet that threshold.According to an official statement, the EBA will now take direct r…