Case Study: Banking Circle achieves MiCA-compliant stablecoin monitoring with Elliptic

BCB Group ensures MiCA compliance for EURI with Elliptic in 2024

BCB Group, a fully licensed correspondent bank, faced the challenge of ensuring compliance with the Markets in Crypto Assets Regulation (MiCA) for its newly launched EURI stablecoin. They needed to comprehensively monitor the stablecoin ecosystem, screen both direct and indirect counterparties, and scale their operations without compromising on regulatory obligations. To meet this challenge, they turned to their existing partner, Elliptic, for solutions including Ecosystem Monitoring and Wallet Screening.

By implementing Elliptic's compliance solutions, BCB Group gained comprehensive ecosystem monitoring for EURI and the ability to effectively screen wallets. This enabled them to maintain regulatory compliance, drive operational efficiency without requiring additional resources, and make faster, data-driven decisions. The partnership with Elliptic provided the robust oversight needed for the bank-backed stablecoin, allowing BCB Group to innovate with confidence and scale its digital asset operations.

BCB Group