Gate News Announcement, March 9 — BitGo Europe has officially received dual authorization from the German Federal Financial Supervisory Authority (BaFin), holding both a MiCAR license (EU Crypto Asset Market Regulation) and a PSD2/ZAG license (EU Payment Services Directive) specifically for EMT (Electronic Money Token) payment services. BitGo stated that although MiCAR is a milestone for the industry, many in the industry still face challenges when handling EMT.

Gate News Announcement, March 6th, the digital asset platform Bullish's official Twitter announced that its European entity Bullish Europe has been granted an EMT (Electronic Money Token) payment license by the Federal Financial Supervisory Authority of Germany (BaFin).

BlockBeats News, on November 18th, according to official sources, Tether announced its upcoming investment in Quantoz Payments to launch EURQ and USDQ Electronic Money Tokens (EMT) that comply with the MiCAR standards. Tether has not disclosed the investment amount yet, while Quantoz will use Tether's Hadron.

Golden Finance reported that Panetta, a member of the European Central Bank, said that the Central Bank of Italy will issue a market notice in the coming days on how to implement the upcoming EU regulatory framework "MICAR" for encryption assets. "MICAR" defines Electronic Money Token (EMT) and Asset Reference Token (ART) as means of payment and exchange.