Nine European Banks Join Forces to Issue MiCA-Compliant Euro Stablecoin

Nine major european banks have joined forces to launch a euro-denominated stablecoin regulated under the trading block’s Markets in Crypto Assets regime (MiCA). The banking giants involved are: ING, Banca Sella, KBC, Danske Bank, DekaBank, UniCredit, SEB, CaixaBank and Raiffeisen Bank International. Earlier this year, CoinDesk reported that Dutch bank ING was working on a … Read more

EU’s ESMA Sets Deadline for Crypto Service Providers to Restrict Non MiCA-Compliant Stablecoins

The European Union (EU) is among the first regions of the world that has drafted, finalised, and deployed a comprehensive set of regulations to oversee the crypto sector in the region. Under the EU’s MiCA laws, which went into effect in December 2024, crypto service providers have been given clear instructions on how to conduct … Read more