Circle’s USDC and EURC Approved by Dubai Financial Services Authority
- Circle’s stablecoins, USDC and EURC, received approval from the Dubai Financial Services Authority (DFSA).
- This marks the first time stablecoins have been recognized in the Dubai International Financial Center (DIFC).
- The approval allows crypto exchanges in DIFC to offer services using USDC and EURC.
- Over 6,000 firms operate within the DIFC, benefiting from its independent judicial system.
- Circle has previously achieved compliance with EU’s Markets in Crypto Assets regulation and Canadian listing rules.
Circle’s USDC and EURC are now officially recognized by the DFSA, enabling their use for various financial services within the DIFC. This follows previous regulatory successes in Europe and Canada.
Source (2.6)https://coingape.com/circle-secures-approval-for-usdc-and-eurc-from-dubais-financial-regulator/?rand=24432
