
Binance will restrict the availability of unauthorized stablecoins for European Economic Area (EEA) users starting June 30, 2024. This move is in response to the new Markets in Crypto-Assets (MiCA) regulations, which will come into effect on the same date. The MiCA regulations require stablecoin operators to obtain a license from a competent authority of an EU member state and ensure the stability of their tokens. Binance has clarified that it will not delist unauthorized stablecoins on spot markets but will limit their availability on certain products such as Launchpool and Earn. The largest stablecoin, Tether's USDT, is currently not regulated in the EU and will be affected by these changes.







ICYMI: Binance to limit unregulated stablecoins in EU ahead of new crypto rules Read the full article 👇 https://t.co/e489Nnlt6S https://t.co/ZxF8UzZFSi
On 2024-06-30, the new MiCA stablecoin rules will come into effect across the European Economic Area (EEA) and @binance will restrict the availability of Unauthorized Stablecoins for EEA users across its product offerings. https://t.co/qMzpAY81J8 https://t.co/JeD4wsbAhY
UPDATE: @Binance to restrict certain stablecoins in the EU starting June 30, 2024, due to new MiCA regulations. Here are the crucial details…↓ #Binance (By: @ComposableD) https://t.co/M7O7850zJO