The new rules will require stablecoin issuers to be regulated as electronic money institutions, Jón Egilsson, co-founder and the chairman of Monerium, explained in a CoinDesk article. Hence, many stablecoins currently offered in Europe are illegal because they are not authorized and regulated as e-money transmitters, he added. www.coindesk.com
The new rules will require stablecoin issuers to be regulated as electronic money institutions, Jón Egilsson, co-founder and the chairman of Monerium, explained in a CoinDesk article. Hence, many stablecoins currently offered in Europe are illegal because they are not authorized and regulated as e-money transmitters, he added.
www.coindesk.com
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