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Societe Generale, one of the world’s largest banking groups, recently announced a strategic partnership with Bitpanda, the leading cryptocurrency trading platform in Europe. This collaboration aims to support the widespread adoption of EUR CoinVertible (EURCV), a MiCA-compliant euro stablecoin.
Société Générale and Bitpanda team up to launch MiCA-compliant EURO stablecoin
This partnership comes at a crucial time, just before the full implementation of the MiCA regulatory framework, which is planned for December 30, 2024. MiCA is the first comprehensive regulation for crypto service providers in Europe, and its adoption represents an important milestone for cryptocurrency. industry. Jean-Marc Stenger, CEO of Société Générale-FORGE, said: “This partnership is a crucial step towards the realization of our vision to make stablecoins a central part of the global financial system. »
CoinVertible EUR will play a vital role as a bridge between fiat currencies and digital assets. They will provide a stable and reliable custodian of value, which is essential to attract more investment in cryptocurrencies. Lukas Enzersdorfer-Konrad, Deputy CEO of Bitpand, emphasized: “Euro stablecoins will be essential for the future of the crypto industry in Europe. »
Benefits for European crypto investors
Through this partnership, CoinVertible EUR will be available on Bitpanda, providing European investors with secure access to this stable digital currency. Known for its security and compliance, Bitpanda guarantees a reliable transaction environment. Investors will be able to buy, sell and hold EURCV with confidence alongside their other digital assets, stocks and precious metals.
The collaboration between Société Générale-FORGE and Bitpanda opens new perspectives for the adoption of stablecoins in Europe. By integrating stablecoins into the traditional financial system, this partnership could facilitate cross-border payments, fund transfers and everyday transactions and strengthen Europe’s position in regulating digital assets.
The partnership between Société Générale and Bitpanda to promote CoinVertible EUR marks a significant step forward for the crypto industry in Europe. With the impending introduction of MiCA, this cooperation could well change the European financial landscape.
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The world is evolving and adaptation is the best weapon to survive in this wavy universe. Essentially a crypto community manager, I am interested in anything directly or indirectly related to blockchain and its derivatives. To share my experiences and raise awareness of a field that fascinates me, there is nothing better than writing articles that are both informative and relaxing.
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The comments and opinions expressed in this article are solely those of the author and should not be considered investment advice. Before making any investment decision, do your own research.