Crypto Update | Circle Gets First Stablecoin License Under MiCA, Head of Global Policy Weighs in on What's Next
Jul 2, 2024
auto_awesome
Circle's Chief Strategy Officer and Head of Global Policy, Dante Disparte, discusses securing an EMI license under MiCA. Topics include crypto regulation, stablecoins in Europe and the US, global legislative progress, and the relationship between CBDCs and stablecoins.
Circle secured the first stablecoin license under the EU's new MiCA framework, signaling a milestone for global stablecoins and fostering retail and institutional adoption.
Bitcoin's seasonal cycles may boost prices, with potential return increase in July, while Ethereum experiences significant outflows and other sectors show promise for Q3 performance.
Deep dives
Benefits of Listening on Audible
Audible offers a diverse range of content, from stories to expert advice, enhancing listeners' imagination and daily routines. Choosing one title a month helps in exploring themes like friendship and hope, as seen in Shelby Van Pelt's unique story of friendship between a widow and a giant Pacific octopus.
Market Insights on Bitcoin and Ethereum
Bitcoin's seasonal cycles may boost prices, with QCP Capital flagging a potential return increase in July. Ethereum saw significant outflows, while Bitcoin mining stocks, AI, and gaming sectors show promise for Q3 performance. Circle secured the first stablecoin license under the EU's new Mika crypto rules.
Regulatory Progress in the EU and US for Stablecoins
Circle's compliance under Europe's new crypto framework signals a milestone for global stablecoins, fostering retail and institutional adoption. The EU's Mika framework provides legal clarity and consumer protection, with Euro-denominated stablecoins becoming a competitive space. Stability in regulatory environments allows for cross-border payments and increased digital asset integration.
The latest price moves and insights with Jennifer Sanasie and Circle Chief Strategy Officer and Head of Global Policy Dante Disparte.
To get the show every day, follow the podcast here.
Circle Chief Strategy Officer and Head of Global Policy Dante Disparte breaks down the stablecoin issuer's journey to secure an Electronic Money Institution (EMI) license under the MiCA regulatory framework. Plus, insights on developments in crypto regulation around the world.
-
This episode was hosted by Jennifer Sanasie. “Markets Daily” is executive produced by Jared Schwartz and produced and edited by Victor Chen, alongside Senior Booking Producer Melissa Montañez. All original music by Doc Blust and Colin Mealey.