{"id":42691,"date":"2024-12-05T01:08:40","date_gmt":"2024-12-05T01:08:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/circle-becomes-the-first-stablecoin-issuer-to-meet-canadas-new-listing-standards\/"},"modified":"2024-12-05T01:08:40","modified_gmt":"2024-12-05T01:08:40","slug":"circle-becomes-the-first-stablecoin-issuer-to-meet-canadas-new-listing-standards","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/circle-becomes-the-first-stablecoin-issuer-to-meet-canadas-new-listing-standards\/","title":{"rendered":"Circle becomes the first stablecoin issuer to meet Canada\u2019s new listing standards"},"content":{"rendered":"<p><b>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison )<\/b><br \/>\n<\/p>\n<div data-site=\"CoinJournal\">\n<div class=\"post-article-image  -mt-24  mb-8  lg:-mt-32  rounded  overflow-hidden\" data-site=\"CoinJournal\">\n<picture><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/05_Canada-smartcrop-750x375.webp\" type=\"image\/webp\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/05_Canada-smartcrop-363x181.webp\" type=\"image\/webp\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/05_Canada-smartcrop-750x375.jpg\" type=\"image\/jpeg\" media=\"(min-width: 750px)\"\/><source srcset=\"https:\/\/coinjournal.net\/wp-content\/uploads\/imagecache\/2022\/11\/05_Canada-smartcrop-363x181.jpg\" type=\"image\/jpeg\"\/>\n<\/picture>                    <\/div>\n<ul>\n<li aria-level=\"1\">Circle received approval from the OSC and the CSA after meeting the VRCA requirements<\/li>\n<li aria-level=\"1\">In July, Circle became the first stablecoin issuer to receive a license under the EU\u2019s MiCA\u2019s regulations<\/li>\n<\/ul>\n<p>Circle has become the first stablecoin issuer to meet Canada\u2019s new regulatory requirements for stablecoins.<\/p>\n<p>In an <a href=\"https:\/\/www.circle.com\/pressroom\/circle-is-the-first-stablecoin-issuer-to-meet-new-canadian-listing-rules\" target=\"_blank\" rel=\"noopener\">announcement<\/a> from <a href=\"https:\/\/coinjournal.net\/search\/circle\">Circle<\/a>, which issues USDC, a US dollar-dominated stablecoin, it said it had received approval from the Ontario Securities Commission (OSC) and the Canadian Securities Administrators (CSA).<\/p>\n<p>By meeting Canada\u2019s Value-Referenced Crypto Asset (VRCAs) requirements, Circle\u2019s USDC can be offered on registered Canadian crypto trading platforms that meet the standards.<\/p>\n<p>Jeremy Allaire, co-founder and CEO of Circle, posted the announcement on <a href=\"https:\/\/x.com\/jerallaire\/status\/1864391925312139351\" target=\"_blank\" rel=\"noopener\">X<\/a>, saying:<\/p>\n<p>\u201cCircle becomes the first stablecoin issuer to comply with the new listing and markets rules for the Canadian crypto market. USDC is the first and only major dollar stablecoin that is compliant with new regulations in Canada.\u201d<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"500\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">Circle becomes the first stablecoin issuer to comply with the new listing and markets rules for the Canadian crypto market.  USDC is the first and only major dollar stablecoin that is compliant with new regulations in Canada.  <a href=\"https:\/\/t.co\/ykQUzT3dE3\">https:\/\/t.co\/ykQUzT3dE3<\/a><\/p>\n<p>\u2014 Jeremy Allaire \u2013 jda.eth \/ jdallaire.sol (@jerallaire) <a href=\"https:\/\/twitter.com\/jerallaire\/status\/1864391925312139351?ref_src=twsrc%5Etfw\">December 4, 2024<\/a><\/p>\n<\/blockquote>\n<p>Circle received approval ahead of the CSA\u2019s deadline cutoff for delisting non-compliant stablecoins on December 31, 2024.<\/p>\n<p>Speaking about Circle\u2019s achievement, Dante Disparte, chief strategy officer and head of global policy at Circle, said \u201cthe availability of USDC in Canada underscores Circle\u2019s compliance with emerging global regulations and marks another step forward in fostering a transparent and accountable digital financial ecosystem,\u201d adding:<\/p>\n<blockquote>\n<p>\u201cThe Canadian Securities Administrators\u2019 proactive approach in providing a digital asset regulatory framework reinforces the integrity of digital asset markets, while ensuring continued reliance on USDC across Canada\u2019s burgeoning ecosystem.\u201d<\/p>\n<\/blockquote>\n<h2>Circle\u2019s regulatory environment<\/h2>\n<p>Elsewhere, Circle is regulated by the US Bank Secrecy Act and holds money transmitter licenses in several US states.<\/p>\n<p>In July, the stablecoin issuer became the first to gain <a href=\"https:\/\/coinjournal.net\/news\/circle-becomes-first-stablecoin-issuer-to-secure-license-under-eus-mica-regulations\/\">regulatory approval under the European Union\u2019s Markets in Crypto-Assets (MiCA) regulations<\/a>. The approval grants Circle the ability to issue its USDC and Euro Coin (EURC) stablecoins across the EU.<\/p>\n<p>Additionally, in June 2023, <a href=\"https:\/\/coinjournal.net\/news\/usdc-issuer-circle-receives-a-digital-token-licence-in-singapore\/\">Circle received a Major Payment Institution (MPI) license<\/a> for digital payment token services in Singapore.<\/p>\n<p>Issued by the Monetary Authority of Singapore, the license enables Circle to offer digital payment token services, cross-border money transfer services, and domestic money transfer services in Singapore.<\/p>\n<p>USDC has a market capitalization worth $40.6 billion, second only to Tether\u2019s USDT, valued at more than $135.8 billion.<\/p>\n<div class=\"post-meta\">\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Share this article<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Categories<\/h6>\n<hr class=\"mb-6\"\/>\n<h6 class=\"text-3xl  mb-4  text-green-300\">Tags<\/h6>\n<\/p><\/div>\n<\/p><\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/coinjournal.net\/news\/circle-becomes-the-first-stablecoin-issuer-to-meet-canadas-new-listing-standards\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : CoinJournal: Latest Crypto News, Altcoin News and Cryptocurrency Comparison ) Circle received approval from the OSC and the CSA after meeting the VRCA requirements In July, Circle became the first stablecoin issuer to receive a license under the EU\u2019s MiCA\u2019s regulations Circle has become the first stablecoin issuer to meet Canada\u2019s [&hellip;]<\/p>\n","protected":false},"author":3947362367,"featured_media":42692,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42691"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362367"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=42691"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/42691\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/42692"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=42691"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=42691"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=42691"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}