EURC

USDC

<p style="text-align: justify">You can also read this news on BH NEWS: <a href="https://en.bitcoinhaber.net/circle-ensures-usdc-meets-canadas-new-standards" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle Ensures USDC Meets Canada’s New Standards</a><br></p>
<p style="text-align: justify">Circle has confirmed that USDC is the inaugural stablecoin to align with the recently introduced digital asset regulations in Canada. These regulations, set to take effect on December 31, will phase out non-compliant stablecoins from the market.</p>
<h2 id="how-does-usdc-comply-with-canadian-regulations">How Does USDC Comply with Canadian Regulations?</h2>
<p style="text-align: justify">USDC will maintain its 1:1 value with the US dollar and remain available on crypto trading platforms in Canada, thanks to Circle’s adherence to the new regulations. The firm assures that USDC can be safely utilized within Canada’s digital landscape.</p>
<h2 id="what-about-compliance-in-the-european-union">What About Compliance in the European Union?</h2>
<p style="text-align: justify">This past summer, Circle also confirmed that both USDC and EURC meet the criteria outlined in the European Union’s MiCA regulations, which are designed to regulate crypto assets while safeguarding investors and the environment.</p>
<ul>
 <li>USDC is the first stablecoin compliant with Canadian regulations, ensuring its continued operation in Canada.</li>
 <li>Circle’s proactive compliance strategies bolster its presence in regions with stringent regulations.</li>
 <li>MiCA regulations will require stablecoin issuers in the EU to maintain adequate liquid reserves.</li>
</ul>
<p style="text-align: justify">Circle’s achievements in regulatory compliance for USDC in both Canada and the European Union underscore its commitment to fostering trust and stability in digital asset markets globally. This strategic approach sets a precedent for other digital currencies navigating regulatory landscapes.</p>
<h5><span style="font-weight:bold;font-size:16px">Continue Reading: </span> <a href="https://en.bitcoinhaber.net/circle-ensures-usdc-meets-canadas-new-standards" data-wpel-link="internal" rel="noopener noreferrer nofollow">Circle Ensures USDC Meets Canada’s New Standards</a></h5>

Circle Ensures USDC Meets Canada’s New Standards

Table of Contents

BH NEWS

Other articles published on Dec 6, 2024

$8M Profit from PNUT Memecoin: Here’s How the Crypto Trader Did It!

Bitcoin Could Replace Dollar as Reserve Currency, Says Ex-Goldman CEO

WisdomTree Registers in Delaware for XRP ETF

Who is the Upcoming White House AI and Crypto Czar, David Sacks?

Crypto Bull Run: Top Picks for Altcoin Rally 2024

SocialTensor Advances Decentralized AI with NicheTensor API

Join our free newsletter for daily crypto updates!