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Jinse Finance reported that the European Banking Authority (EBA) released the first batch of measures on cryptocurrencies. The measures proposed by the EBA include perpetual redemption rights and provisions for handling complaints. With the approval of the MiCA framework law, EBA officials expect a large number of stablecoin issuances in the coming months. In addition, the EBA also called on companies to apply the guiding principles of risk management and good governance before the mandatory rules come into force.


Additionally, the EU’s European Securities and Markets Authority (ESMA) has draft rules for crypto asset service providers (CASPs). These rules are designed to empower CASPs while ensuring the separation of client assets and transactions. The ESMA rules will come into force in January 2025.
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