🎉Good news! The new rules on stablecoins in the EU Crypto-Asset Market Legislation (MiCA Regulation) officially came into effect today! 📜According to Article 23 of the law, companies must stop issuing anchored stablecoins if the stablecoin is used as a means of exchange for more than 1 million transactions per day or a value of more than 200 million euros (215 million US dollars). 🚫

🔍Previously, the European Banking Authority published a final report on how to monitor stablecoin issuers at the end of this month, in which the stablecoin rules will take effect today and other provisions are expected to take effect in December. 📅

💡This is an important update to the global regulatory dynamics of blockchain, which will have a far-reaching impact on industry trends. Although the regulation of stablecoins may bring some impact to the market, we remain optimistic about the prospects of Bitcoin! 🚀