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AllUnity obtains EMI licence from BaFin for Euro stablecoin
From electronicpaymentsinternational.com
AllUnity has secured an e-money institution (EMI) licence from the German Federal Financial Supervisory Authority (BaFin). The authorisation enables AllUnity to introduce Germany’s BaFin-licenced Euro stablecoin, called EURAU, in compliance with the markets in crypto-assets regulation (MiCAR) framework. The new stablecoin, EURAU, is said to maintain full collateralisation, with “proof-of-reserves” and regulatory reporting, the company claimed. It is designed to facilitate cross-border settlements and can be integrated into the systems of regulated financial institutions, fintechs, and enterprise clients across ... (full story)
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