According to PANews, stablecoin giant Circle has been granted an Electronic Money Institution (EMI) license by French regulators. This license allows Circle to issue EURC and USDC within the European Union, in compliance with the Markets in Crypto Assets (MiCA) regulations.
The EMI license is a significant milestone for Circle, as it enables the company to expand its operations within the European Union. The issuance of EURC and USDC will be in line with the MiCA regulations, which are designed to foster innovation while ensuring the stability and integrity of the financial market.
This development is a testament to the growing acceptance and regulation of digital currencies in the global financial landscape. It also underscores the importance of regulatory compliance for companies operating in the crypto space.