#foreign stablecoin issuers

The post EU Set to Revise MiCA in 2027 to Cover Foreign Stablecoin Issuers appeared on BitcoinEthereumNews.com. In brief The EU is preparing to reopen its Markets in Crypto-Assets (MiCA) rulebook, likely in 2027, to regulate non-EU stablecoin issuers and broaden its scope, EU diplomats told Euronews. The push follows the U.S. GENIUS Act and President Trump’s promotion of dollar-backed stablecoins, which make up 95% of the market. The European Commission is consulting stakeholders until September 30 before deciding whether to formally reopen the law. The European Union is preparing to reopen its flagship crypto rulebook to bring non-EU stablecoin issuers under its supervision, as U.S. President Donald Trump’s embrace of dollar-pegged tokens unsettles European regulators, Euronews reported, citing several EU diplomats. MiCA, the bloc’s landmark crypto framework, only fully came into force on July 1, but officials already see a rewrite as inevitable. “Reopening the file seems unavoidable

Trump's embrace of stablecoins is pushing Brussels to expand its crypto law to non-EU issuers and tokenized payments, EU diplomats say.

Korean firms denied formal Open USD membership despite appearing on the alliance’s public roster. Several companies said Open Standard only discussed possible participation without agreements. The dispute adds scrutiny as South Korea reviews tighter rules for foreign stablecoin issuers. Several leading South Korean companies have denied formally joining the Open USD (OUSD) Alliance after appearing […] The post Korean Companies Deny Joining Open USD Alliance After Surprise Listing appeared first on Live Bitcoin News.