Tag: Adds

Stablecoin Market Adds $4.58B in One Week, Nears $240B Milestone

coiner

While the broader crypto market enjoyed steady gains last week, the stablecoin sector expanded notably, contributing an additional $4.581 billion to the fiat-linked crypto ecosystem. Fiat-Linked Tokens Expand Amid Market Volatility As of press time on Sunday, the stablecoin economy holds a valuation of $239.108 billion, requiring an additional $892 million to surpass the $240 […] Source link

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EU starts countdown to crypto legislation, adds MiCA to official journal

coiner

On June 9, the European Union’s Markets in Crypto-Assets (MiCA) legislation was published in the Official Journal of the European Union (OJEU). This triggers the countdown for the law to come into effect from Dec. 30, 2024. The regulations, signed into law on May 31 after first being introduced in 2020, aim to create a consistent regulatory framework for crypto assets among European Union member states. While the rules officially come into force within 20 days of publication, the rules will start to apply on Dec. 30, 2024, with some parts of the legislation…

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