<p>Circle, leading issuer of the stablecoin USDC, partners with the French association Adan to anticipate the MiCA regulatory era in Europe. This strategic alliance, concluded a few days before the implementation of MiCA, marks a crucial step for Circle in its ambition to comply with the new regulations while consolidating its presence in Europe.</p>
<h2 id="h-circle-and-adan-a-strategic-crypto-alliance-for-the-mica-era">Circle and Adan: A strategic crypto alliance for the MiCA era</h2>
<p>Circle, a major player in digital financial services and Circle’s competitor, recently announced a <strong><a href="https://coingape.com/stablecoin-issuer-circle-joins-adan-in-readiness-for-mica-era/" target="_blank" rel="noopener noreferrer nofollow">strategic partnership with Adan</a></strong>, the Association for the Development of Digital Assets. This <strong>partnership</strong> comes at a crucial time, as Europe prepares to implement the MiCA (Markets in Crypto-Assets) regulatory framework.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="1">
 </div>
</div>
<p>Coralie Billmann, managing director of Circle France, emphasized that this membership in Adan is <strong>a logical step in the company’s strategy</strong>, focused on a “regulatory-first” approach.</p>
<p>By choosing France as its operational base, Circle benefits from a <strong>clear regulatory environment that is favorable to innovation</strong>, reinforced by a robust entrepreneurial and technological infrastructure.</p>
<p>This collaboration will allow Circle to navigate more easily through the complex landscape of <strong>European regulations</strong>, ensuring its compliance while continuing to innovate.</p>
<h2 id="h-the-impact-of-mica-on-stablecoins">The impact of MiCA on stablecoins</h2>
<p>The <a href="https://www.cointribune.com/en/crypto-europe-is-preparing-for-the-implementation-of-mica/" target="_blank" rel="noopener noreferrer nofollow">MiCA regulatory framework</a> promises to <strong>transform the stablecoin market in Europe</strong>, imposing strict requirements that could disrupt the current ecosystem.</p>
<p>Jasper De Maere, a researcher at Outlier Ventures, predicts that many stablecoins, particularly those backed by the US dollar, will struggle to comply with these new regulations.</p>
<p>This situation could push some companies to <strong>leave the European Union</strong>, thereby limiting European users’ access to smooth transactions and diversified investment opportunities.</p>
<p>However, Circle seems well positioned to <strong>face these challenges</strong> thanks to its conditional registration as a digital asset service provider (DASP) in France and its partnership with Adan.</p>
<p>By aligning with the MiCA regulations, Circle demonstrates its willingness to remain a key player in the innovation of digital assets in Europe, while offering compliant and secure solutions to its users.</p>
<div class="my-4">
 <div class="ads " data-page-type="" data-location="2">
 </div>
</div>
<p>With its strategic partnership with Adan, Circle is actively preparing for the MiCA era, ensuring a smooth and compliant transition for stablecoins and the crypto industry in Europe.</p>

Crypto: Circle and Adan Lay the Groundwork for MiCA

Inhoudsopgave

Cointribune EN

Andere artikelen gepubliceerd op 27 jun 2024

Unusually High Trading Volumes in 5 Altcoins on South Korean Cryptocurrency Exchanges

Donald Trump’s US Presidential Elections Win To Trigger Bull Run: Top 3 Altcoins To Buy Before Then

As the Launch of Ethereum ETFs Approaches, Inflows into Bitcoin ETFs Continued Today! Here are th...

Trade the Market Like a Pro: The AI-Powered Trading Bot Anyone Can Use

Central Bank of Turkey Maintains Interest Rate at 50%

Why Julian Assange Has Become a Bitcoin Icon

Meld je aan voor onze gratis nieuwsbrief voor dagelijkse crypto-updates!