New York and EU Regulators Unite to Oversee Stablecoins

Cointelegraph Staff

(06:58 AM UTC)

1 min read

The European Banking Authority and the New York State Department of Financial Services (NYDFS) have signed a memorandum of understanding to police cross-border stablecoin activities.

The EBA said on Tuesday that the deal is part of its duties under the Markets in Crypto-Assets (MiCA) Regulation and sets out principles and procedures for exchanging information and coordinating stablecoin…

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