Odaily Planet Daily News Circle officials published an article on X saying, "Ultimately, a coordinated approach between the United States, the European Union and other major jurisdictions will be crucial to pave the way for future regulatory recognition and ensure that the emerging Internet financial system is built on rules." In addition, according to an article on the blog of the Bretton Woods Committee, stablecoins that do not comply with MiCA regulations will "disappear" from the EU market in the short to medium term. Circle previously became the first global stablecoin issuer to be licensed in the European Union. Patrick Hansen, Circle's EU Strategy and Policy Director, and Dante Disparte, Chief Strategy Officer, said that with the entry into force of the MiCA provisions, there is reason to expect changes in the coming year. In short, MiCA is to crypto assets as GDPR is to privacy data.
