Here’s a creatively rephrased version of the article:
In a recent announcement, Binance, the largest cryptocurrency exchange by market volume, has reaffirmed its support for USD Coin (USDC) in the European market. The exchange’s endorsement follows Circle, the stablecoin issuer, becoming the first to achieve regulatory compliance under the upcoming Markets in Crypto-Assets (MiCA) regulations of the European Union.
With USDC pioneering as the first major regulated stablecoin in the European Economic Area (EEA), Binance highlighted in a recent statement its commitment to the dollar-backed cryptocurrency.
“On July 1, 2024, Circle announced it has been authorized to issue USDC as a MiCA-compliant electronic money token (‘EMT’), making USDC the EEA’s first major regulated stablecoin. This ensures USDC will remain available across most of Binance’s product offerings,” the statement read.
USDC is now recognized as a Regulated Stablecoin in the EEA. Explore how this impacts your Binance experience. (This announcement pertains to users in the EEA.) Click here ⤵️ [https://t.co/Zyx1jbEIuf](https://t.co/Zyx1jbEIuf) – Binance (@binance) July 1, 2024
Circle, the issuer of USDC and EURC, announced today that it has become the first global stablecoin issuer to achieve compliance with the European Union’s Markets in Crypto-Assets (MiCA) regulatory framework.
“This achievement was made possible by the company obtaining an Electronic Money Institution (EMI) license from the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the French banking regulatory authority. With this license, both USDC and EURC are now issued in the EU in compliance with MiCA’s regulatory obligations for stablecoins or e-money tokens, which came into effect yesterday, according to today’s law and subject to potential clarifications on interpretation by the European Commission.”
The company emphasized that, as part of achieving compliance with this comprehensive regulatory regime, Circle Mint is now officially available to corporate clients in Europe.
Cardano anticipates updating its MiCA compliance indicators
In a recent development showcasing strategic moves towards regulatory compliance and sustainability, the Cardano Foundation, in collaboration with the Crypto Carbon Ratings Institute (CCRI), disclosed an update to its compliance indicators for the future Markets in Crypto-Assets (MiCA) regulation in the European Union. The report was released on July 2.
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