EU MICA regulation comes partially into force on Jun 30, 2024

EU MICA regulation comes partially into force on Jun 30, 2024

The EU's Markets in Crypto-Assets (MiCA) regulation’s stablecoin provisions took effect on June 30, 2024, requiring issuers to register, hold reserves, and offer buybacks. Limits on non-euro stablecoin turnover have led exchanges to delist non-compliant tokens, potentially boosting euro-backed stablecoins.