Jul 2024 Crypto Industry Updates

Last updated on 06 Jul, 2024 1 min read

Table of Contents

Content will be sorted chronologically with latest at the bottom.

Circle Earns License to Issue USDC and EURC Under Europe’s MiCA
- Circle has become the first global stablecoin issuer to comply with the Markets in Crypto Assets (MiCA) regulations in Europe, effective from July 1
- This compliance allows Circle to issue its stablecoins, USDC and EURC
- MiCA is a comprehensive regulatory framework established by the European Union to create uniform crypto regulations across its member states
Russia Embracing Crypto to Dodge Sanctions
- At a conference in Saint Petersburg, Russia’s central bank governor Elvira Nabiullina encouraged Russian companies to explore digital assets for trade.
- Deputy Chairman of the Bank of Russia, Alexey Guznov, confirmed an upcoming bill that concerns using stablecoins for cross-border payments has already been presented, but the technicalities are still being discussed. This move is part of Russia’s broader strategy to maintain economic ties with key partners despite its sanctions.