Bank

USDC

<ul class="wp-block-list">
 <li>Circle's USDC gains approval under Canada’s new VRCA rules, ensuring its availability on compliant platforms.</li>  
 <li>Canadian crypto platforms meeting VRCA guidelines can offer USDC, enhancing trust and regulatory compliance.</li>  
 <li>Circle’s global compliance expands, with USDC meeting Canada’s standards and securing its market presence.</li> 
</ul>  
<p>USDC issue circle has <a href="https://x.com/Money_24news/status/1864553067401892069" rel="noopener noreferrer nofollow">become</a> the first stablecoin that addresses the new standards recognized by the Canadian authorities. The company Is registered with the Ontario Securities Commission (OSC) and Canadian Securities Administrator (CSA). This approval enables USDC to operate under the recently issued Value-Referenced Crypto Asset or ‘VRCA’ rules.&nbsp;</p>  
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  https://twitter.com/Money_24news/status/1864553067401892069
 </div>
</figure>  
<h2 class="wp-block-heading" id="h-usdc-aligns-with-canada-s-vrca-guidelines-nbsp"><strong>USDC Aligns with Canada’s VRCA Guidelines</strong>&nbsp;</h2>  
<p>The USDC introduced changes in accordance with the VRCA and will continue to operate on the registered exchange platforms in <a href="https://cryptonewsland.com/bank-of-canada-lowers-interest-rate-amid-falling-inflation/" rel="noopener noreferrer nofollow">Canada</a>. The new regulations ensure that there are efficient standards within the existing and emerging market for digital assets. They also seek to ensure that unregistered stablecoins will be restricted from December 31, 2024.&nbsp;</p>  
<p>Circle’s Chief Strategy Officer Dante Disparte highlighted that the approval corresponds to Circle's aim to adhere to relevant global standards. Moreover, this reflects Circle’s commitment towards upholding high standards of compliance as the company embarks on growth expansion.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-circle-s-global-compliance-footprint-nbsp"><strong>Circle’s Global Compliance Footprint&nbsp;</strong></h2>  
<p>Circle has demonstrated a strong commitment to meeting regulatory requirements in various regions. In July 2024, its French subsidiary became the first stablecoin issuer to <a href="https://cryptonewsland.com/coinbase-to-delist-tether-and-other-non-compliant/" rel="noopener noreferrer nofollow">comply</a> with the European Union’s Markets in Crypto-Assets (MiCA) regulations. In addition, it received a license from the Monetary Authority of Singapore to operate in Asia.&nbsp;&nbsp;</p>  
<p>Circle is also regulated under the U.S. Bank Secrecy Act as a money services business with the U.S. Treasury Department's Financial Crimes Enforcement Network. In particular, these measures make it possible for USDC to continue being a reliable asset to users all over the world.&nbsp;&nbsp;</p>  
<h2 class="wp-block-heading" id="h-robinhood-s-integration-with-usdc-in-europe-nbsp"><strong>Robinhood’s Integration with USDC in Europe&nbsp;</strong></h2>  
<p>Robinhood recently added USDC to its offerings in Europe. Moreover, the integration provides 24 million registered European users access to USDC, enhancing trading opportunities on the platform. This collaboration highlights the growing demand for regulated stablecoins in global markets.</p>  
<p>Circle’s compliance strengthens USDC’s position as a secure and reliable stablecoin in Canada. By meeting complex regulatory requirements, the company ensures Canadian users can transact with confidence. As regulatory standards evolve, Circle’s focus on compliance sets a benchmark for the stablecoin market.</p> 
<p>The post <a href="https://cryptonewsland.com/usdc-approved-under-canadas-vrca-guidelines/" rel="noopener noreferrer nofollow">USDC Approved Under Canada’s VRCA Guidelines, Ensuring Market Continuity</a> appeared first on <a href="https://cryptonewsland.com" rel="noopener noreferrer nofollow">Crypto News Land</a>.</p>

USDC Approved Under Canada’s VRCA Guidelines, Ensuring Market Continuity

Table of Contents

Crypto News Land

Other articles published on Dec 5, 2024

DMM Bitcoin to Liquidate After $320M Hack

Wormhole (W) and Nexo (NEXO) Poised for Key Breakouts: Is A Rally On The Horizon?

Bitcoin Price Forecast Grows Optimistic for 2024

Mt. Gox Shifts $2.43B in BTC After Bitcoin Hits $100K

Buy the Dip: AI-Driven Tokens Positioned for the Bull Run

South Korea Hits Record $34B in 24-Hour Crypto Trading Volume Amid Emergency Martial Law

Join our free newsletter for daily crypto updates!