|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
歐洲證券和市場管理局(ESMA)已將加密貨幣公司授予3月31日,以遵守歐盟的新Stablecoin規則。
Cryptocurrency exchanges and stablecoin issuers in the European Union (EU) now have a March 31 deadline to comply with the bloc’s new stablecoin rules or risk losing access to Europe’s large and growing digital asset market.
歐盟(EU)的加密貨幣交易所和Stablecoin發行人現在已有3月31日的截止日期,可以遵守該集團的新Stablecoin規則,或者冒著失去進入歐洲大型且不斷增長的數字資產市場的風險。
The European Securities and Markets Authority (ESMA) gave crypto firms this final warning on Friday, as part of a broader effort to bring the crypto industry under regulatory oversight. The Markets in Crypto-Assets (MiCA) framework, which came into effect in mid-2024, includes provisions for regulating stablecoins, a type of cryptocurrency pegged to a fiat currency like the U.S. dollar.
歐洲證券和市場管理局(ESMA)在周五的最終警告中給了加密貨幣公司,這是將加密貨幣行業遭到監管監督的更廣泛努力的一部分。加密資產(MICA)框架的市場於2024年中期生效,其中包括規範穩定股的規定,這是一種與美元這樣的菲亞特貨幣掛鉤的加密貨幣。
Under MiCA, stablecoins must be authorized by a national regulator within the EU to remain listed. These tokens must also maintain decent reserves and adhere to transparency and governance requirements. The new rules aim to ensure that issuers have adequate liquidity and that investors know what they’re buying.
在MICA的領導下,必須由歐盟內部的國家監管機構授權穩定的穩定劑才能保留。這些令牌還必須保持體面的儲備並遵守透明度和治理要求。新規定旨在確保發行人具有足夠的流動性,並且投資者知道他們正在購買的東西。
ESMA now wants crypto firms to finalize changes by the end of the first quarter. The regulator said firms can keep non-compliant stablecoins available for selling off, but not buying, until then. However, the regulator warned that delays could disrupt markets.
ESMA現在希望加密公司在第一季度末最終確定變化。監管機構表示,在此之前,公司可以保留不合規的穩定劑可出售但不購買。但是,監管機構警告說,延誤可能會破壞市場。
One stablecoin that’s been under scrutiny is Tether’s USDT. It’s unclear whether Tether intends to apply for EU authorization. The company recently ended support for its euro-pegged stablecoin, citing regulatory challenges. Observers say that Tether’s main stablecoin could face tougher requirements as a “significant” stablecoin under MiCA, including higher capital reserves and more stringent oversight.
一位受到審查的穩定者是Tether的USDT。目前尚不清楚繫繩是否打算申請歐盟授權。該公司最近以監管挑戰為由,終止了對其歐洲賽車的支持。觀察者說,繩索的主要穩定幣可能會面臨更嚴格的要求,因為雲母在雲母領導下的“重要” stablecoin,包括更高的資本儲備和更嚴格的監督。
Some platforms, like Coinbase, preemptively delisted USDT in December, while others, including Binance and Crypto.com, kept the token available to EU users for now. This has left EU crypto traders pretty uncertain since, for now, Circle is the only major stablecoin issuer with the required EU license.
一些平台(例如Coinbase)在12月的12月進行了淘汰,而包括Binance和Crypto.com在內的其他平台則暫時可為歐盟用戶使用的令牌。這使歐盟加密貨幣交易員非常不確定以來,Circle是唯一擁有所需歐盟許可證的Stablecoin發行人。
However, a compliance officer at a major crypto exchange told FinanceFeeds that even Circle’s USDC presents a tricky challenge for the MiCA framework. While the EBA doesn’t directly call out Circle, their review perfectly describes the situation Circle is currently in.
但是,一家主要加密交易所的合規官告訴FinanceFeeds,即使Circle的USDC也對雲母框架提出了一個棘手的挑戰。儘管EBA並未直接召集圈子,但他們的評論完美地描述了情況圈當前正在進行中。
“Here’s the deal: Circle operates both an EU-based entity licensed under MiCA and a non-EU entity that’s not subject to EU laws. However, USDC issued by either entity is fully interchangeable and identical, making it hard to distinguish.”
“這是交易:Circle既經營於MICA下許可的歐盟實體,又是一個不受歐盟法律約束的非歐盟實體。但是,任何一個實體發行的USDC都是完全可互換且相同的,因此很難區分。”
The compliance exec, who asked not to be identified, highlighted that MiCA doesn’t specifically address this kind of “one leg out” setup. It simply requires stablecoins to be issued by an EU-based entity, leaving a gray area in how this scenario should be handled.
要求不識別的合規性執行者強調,MICA並未具體解決這種“一條腿”設置。它只是要求基於歐盟的實體發行穩定的人,在應如何處理這種情況下留下灰色區域。
Shifting the market away from dollar-backed stablecoins
將市場從美元支持的穩定股中轉移
While it makes sense that MiCA left out some parts of the crypto world, like decentralized smart contracts and NFTs, it raises the question: should stablecoins have been treated the same way?
儘管雲母遺漏了加密貨幣世界的某些部分,例如分散的智能合約和NFT是有道理的,但它提出了一個問題:是否應該以相同的方式對待Stablecoins?
MiCA introduced strict caps on issuance and transactions for certain USD-pegged “e-money” tokens, like USDC, USDT, and BUSD. The limits are set at 1 million transactions by volume or 200 million euros by notional value. The idea is to push for euro-denominated stablecoins, shifting the market away from dollar-backed ones and reducing risks tied to large-scale stablecoin adoption.
MICA針對某些USD PEGGGED“ E-EN-NONE-MONEY”代幣(例如USDC,USDT和BUSD)引入了嚴格的發行和交易上限。限制按數量設定為100萬筆交易,或以概念價值為單位。這個想法是要推動以歐元計價的穩定劑,將市場轉移到了美元支持的市場上,並降低了與大規模穩定穩定的採用相關的風險。
From the EU’s standpoint, this strategy is understandable, but it feels like trying to jam a square peg into a round hole. Zooming out, the total global market cap for stablecoins is around $200 billion, with USDC, USDT, and BUSD making up nearly three-quarters of that. Despite their dominance, the European market share for USD-backed stablecoins is already well beyond these limits.
從歐盟的角度來看,這種策略是可以理解的,但是感覺就像試圖將方形釘在圓孔中。縮小,Stablecoins的全球總市值約為2000億美元,USDC,USDT和BUSD佔了近四分之三。儘管它們的統治地位,但歐洲支持美元支持的Stablecoins的市場份額已經遠遠超出了這些限制。
According to Martin Håkansson, COO at EuroPay Connect, there’s still hope that these changes can be made without waiting for MiCA II, as ESMA, the EBA, and other European authorities work on secondary rulemaking and technical standards.
根據MartinHåkansson的說法,Europay Connect的首席運營官仍然希望可以在不等待雲母II的情況下進行這些變化,因為ESMA,EBA和其他歐洲當局致力於二級規則制定和技術標準。
“One possible approach could involve a more nuanced, tiered system that adjusts limits based on the issuer’s size and maturity. Regardless of the method, it should be possible to find a better balance between competing interests and concerns than what MiCA currently offers,” he added.
“一種可能的方法可能涉及一個更細微的分層系統,該系統根據發行人的大小和成熟度調整限制。無論採用哪種方法,都應該可以在競爭利益和關注點之間找到比MICA當前提供的更好的平衡。”他補充說。
Despite concerns about market volatility, BlockLedger Labs CEO Rajesh Verma argues the impact will be limited to the EU.
儘管擔心市場波動,但Blockledger Labs首席執行官Rajesh Verma認為影響將僅限於歐盟。
“Asia accounts for 80% of USDT trading volume, with the U.S. also dominating global crypto trading. Also, to align with MiCA requirements, Tether invested in compliant firms like StablR and Quantoz Payments. Tether’s CEO, Paolo Ardoino, made it clear that they’re not planning to ditch the EU anytime soon. Even though USDT can’t be traded on MiCA-compliant exchanges right now, traders can still hold the stablecoin in non-custodial wallets as
“亞洲佔了USDT交易量的80%,美國還主導了全球加密交易。此外,為了符合雲母要求,繫繩投資於諸如Stablr和Quantoz Payments之類的合規公司。 Tether的首席執行官Paolo Ardoino清楚地表明,他們不打算很快拋棄歐盟。即使目前無法在符合雲母的交易所上交易USDT,但交易者仍然可以將Stablecoin放在非習慣錢包中
免責聲明:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!
If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.
-
- 比特幣的獨立力量:資產如何與傳統市場解耦
- 2025-01-30 17:40:52
- 這裡的主要論點之一是比特幣與傳統金融市場脫鉤的觀念。
-
- 1燃料:安全,跨鏈交易和隱私的最終加密錢包
- 2025-01-30 17:30:52
- 許多加密錢包缺乏安全性和跨鏈交易。但是,1燃料非常重視現實世界的實用性和安全性
-
- DTX交流:XRP 2017年市場統治之後的下一件大事
- 2025-01-30 17:30:52
- XRP價格上漲和2017年強勁的市場量成為加密貨幣市場中最明確的事件。更多新興的低位硬幣正在變得
-
- Fartcoin領導Meme Coin Market Rally,SOL/USD代幣增長11%
- 2025-01-30 17:20:52
- 模因硬幣部分在周三獲得了動力,在更廣泛的市場反彈上佔據了高位。