What is the Context of Dual Licensing?

The relevance of dual licensing in blockchain technology and digital assets often arises when projects seek to balance open-source principles with commercial viability. It presents a mechanism for protocols to maintain community-driven development while generating revenue from commercial entities requiring specific usage terms. Discussions often address the legal complexities and the strategic implications for ecosystem growth. Regulators might examine dual licensing models for their impact on market access and competition.

Dual Licensing

Definition

Dual licensing refers to a software distribution model where the same software product is offered under two different licenses simultaneously. Typically, one license is a restrictive proprietary license, and the other is a permissive open-source license. This approach allows developers to reach different user segments and revenue models. In blockchain, it might apply to protocols with both public and enterprise versions.

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∞Payment Services Directive

∞Market Fragmentation

∞Regulatory Burden

European Banking Authority Confirms MiCA Stablecoin Dual Licensing Mandate

EBA guidance mandates dual MiCA and PSD2 licensing for e-money token services, escalating compliance costs by March 2026.

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∞Compliance Burden

∞Crypto-Asset Services

∞Payment Institution

EBA Confirms MiCA Stablecoin Activities Require Dual Payment Services Licensing

The EBA's dual licensing mandate for EMT services undermines MiCA's single-passport goal, creating an urgent, systemic compliance friction point.

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∞Stablecoin Issuers

∞Transition Period

∞Market Access

European Banking Authority Confirms Stablecoin Dual Licensing under MiCA and PSD2

Stablecoin issuers must now architect compliance for dual MiCA/PSD2 licensing by March 2026, significantly increasing capital and operational costs across the EU.

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∞PSD2 Overlap

∞Operational Risk

∞Legal Precedent

European Banking Authority Clarifies Stablecoin Dual Licensing under MiCA and PSD2

Stablecoin service providers must prepare for dual MiCA and PSD2 licensing by March 2026, significantly increasing compliance and capital overhead.

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∞Financial Stability

∞Crypto Asset Service Providers

∞MiCA Regulation

European Banking Authority Confirms MiCA PSD2 Stablecoin Dual Licensing Mandate

The MiCA-PSD2 regulatory overlap mandates dual licensing for e-money token services, fundamentally increasing capital and compliance burdens by March 2026.

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∞AML Compliance

∞Market Integrity

∞Stablecoin Regulation

US Enacts GENIUS Act, Federally Regulating Stablecoins and Digital Asset Custody

The GENIUS Act establishes a comprehensive federal and state regulatory framework for stablecoins, mandating full backing, transparent reserves, and enhanced AML protocols.