⚡Follow the money⚡

🇪🇺The issuer of #Stablecoin Circle has obtained an Electronic Money Institution (#EMI) license, a prerequisite for offering#tokenslinked to the dollar and the euro in the European Union, under the Cryptoasset Markets regulatory framework (#MiCA ).

🌐@Circle USDC whose#USDCis the largest dollar stablecoin after the USTD of @Tether claims the right as the first global regulation-compliant stablecoin issuer. Before they went into effect on June 30, some#exchangesdelisted Tether's #EURT.

💱Armed with an EMI license from the French banking regulatory authority, @Circle USDC Mint France will "localize" the issuance of its euro-denominated#EURCcurrency and issue #USDC✅ to clients in the same entity's 27-nation trading bloc.

⚖️#MiCA vindicates the industry and its permanence, but it is also clear that there are no more shortcuts, at least not in the world's third largest economy. Gone are the days when you could operate in a regulatory haven or in the shadows and then expect to have free and liberal access to consumers and market participants.

Now look carefully at the following infographic, dear reader.

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