jetons

#USDC falls under a new European regulator starting tomorrow

The European Banking Authority will begin directly supervising the $USDC of #Circle in the EU on Thursday, November 12. It will take over checks on reserves, capital, liquidity and the stablecoin’s recovery plans, replacing French regulator #acpr , which will retain oversight of governance and conflicts of interest.

This transfer follows the #EBA ’s decision on October 14 to classify USDC as “significant” among the #jetons electronic money tokens under MiCA, making it the first of the 45 notified tokens to receive this designation. This applies only to USDC issued by Circle’s French entity, and the EBA will review the classification annually.$JASMY $BTC