Unlimit Gains MiCA, But Stablecoin Still Point to EMI Overlap
The latest inclusion in the CySEC MiCA register, payments company Unlimit, underscores the practical necessities of doing business in the EU. As Irene Skrynova, Chief Executive of Global Payments at Unlimit, pointed out in the announcement, operating crypto asset services in the bloc previously meant adhering to disparate local standards across jurisdictions. “Now there is one,” she said. But MiCA is not all-encompassing. While the regulation has provided a simplified cryptoasset framework, specific stablecoin activities remain firmly rooted within electronic money mandates. The Overlap of Crypto Assets and Electronic Money The European Commission has recently launched a public consultation on…
