EU Stablecoin Technical Standards to be Launched by End of 2024 đ¶đ
đč Progress: The European Banking Authority (EBA) expects to finalize the stablecoin technical standards under the MiCA (Markets in Crypto-Assets) framework by the end of 2024.
đč Key Content: The standards will focus on areas such as licensing, stress testing, and volume estimation, providing a legal foundation for stablecoin issuers.
đč Approval Process: The European Commission is reviewing the submitted standards, which will be further examined by the European Parliament and Council after approval.
đč Impact: The regulation will bring more transparency to crypto companies operating in the EU, streamlining operations across 27 member states with a single licensing system.
