Share this article
EU Regulator Sees Official Journal Publication of Stablecoin Standards Before Year-End
The European Banking Authority estimates that 15 technical standards, including those for stablecoin issuers, will become official before the end of 2024.
Updated Sep 11, 2024, 12:11 p.m. Published Sep 11, 2024, 12:08 p.m.
- Technical standards under the European Union's Markets in Crypto Assets (MiCA) act will probably be published in the EU's official journal before the end of the year.
- The rules cover standards for authorization, stress testing and methods to estimate the number and value of transactions for stablecoin issuers.
Standards laying out how stablecoin issuers such as Tether and Circle can operate in the European Union (EU) are likely to become official toward the end of the year, a spokesperson from the European Banking Authority (EBA) told CoinDesk.
They are included in the 15 technical standards submitted by the EBA, which was tasked with developing them alongside the European Securities and Markets Authority (ESMA), to the European Commission, the EU's executive branch.
STORY CONTINUES BELOW
Rules allowing crypto companies to serve clients across the 27-nation trading bloc with a single license, known as MiCA, passed into law last year. The stablecoin rules came into force in June, and the rest of MiCA will be in place by December.
The commission is looking over the standards and will need to decide whether to adopt the texts as is or whether to request changes. The standards cover authorization, stress testing and methods to estimate the number and value of transactions among other issues.
Once the commission has signed off, the rules will need to be scrutinized by the European Parliament and European Council. Then they have to go through translation and formal adoption before being published in the official journal. That is where the bloc's official acts and information appear.
Read more: EU's Restrictive Stablecoin Rules Take Effect Soon and Issuers Are Running Out of Time
Sizin için daha fazlası
Bilinmesi gerekenler:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
Sizin için daha fazlası
Canadian Province Wins Forfeiture of $1M QuadrigaCX Co-Founder's Cash, Gold via Default Judgment
The ruling transfers cash, gold bars, watches, and jewelry seized from a CIBC safety deposit box and bank account into government hands after Patryn did not defend the case.
Bilinmesi gerekenler:
- The Supreme Court of British Columbia has forfeited $1 million in cash and gold tied to QuadrigaCX's co-founder, Michael Patryn, to the government.
- Patryn did not contest the forfeiture, which involved 45 gold bars, luxury watches, and over $250,000 in cash seized under an Unexplained Wealth Order.
- The forfeiture may lead to a process determining if any assets can be directed to QuadrigaCX's creditors, who received 13 cents on the dollar in the bankruptcy settlement.
Top Stories
