The EU is about to implement strict regulatory rules for stablecoins, and issuers are facing compliance pressure

ChainCatcher news, according to CoinDesk, as the European Union's strict regulations on stablecoin issuers are about to take effect, major stablecoin issuers including Tether and Circle are facing urgent compliance pressures.

The new rules require issuers to obtain appropriate authorization when operating in the 27 member states after June 30, and to comply with strict limits on the number and value of transactions set out in the MiCA legislation. According to the law, companies must cease issuing transaction medium-type assets referenced to stablecoins that exceed 1 million daily transactions or 200 million euros in daily transaction value. Although the EBA has not yet clarified how to measure these metrics, a final report is expected to be released soon.