The “only U.S.-registered crypto securities platform" is listing ETH in a bold test of the U.S. Securities and Exchange Commission's thesis that most cryptocurrencies are securities.
The European Banking Authority (EBA) published on Thursday the final draft technical standards on prudential matters for firms to comply with that fall under the markets in crypto assets (MICA) legislation.
During a Thursday hearing on proposed guidelines for stablecoin issuers, European Banking Authority officials urged stakeholders to engage with regulators to "start on the right footing."
Crypto firms have to do checks on transactions of 1000 euro or more, and the framework adds measures to mitigate risks in transfers with self-hosted wallets.
The European Banking Authority estimates that 15 technical standards for crypto platforms like stablecoin issuers will become official before the end of 2024.