Cryptocurrency exchange Binance has announced the delisting of several stablecoins that do not comply with MiCA requirements following regulatory changes within the European Economic Area (EEA).
Why Binance is Conducting the Delisting
Binance is taking steps in accordance with the European Union's new regulatory requirements under MiCA, which came into effect on December 30, 2024. These measures aim to ensure consumer protection and market integrity.
Which Stablecoins Will Be Removed
According to the announcement, nine stablecoins, such as Tether (USDT), TrueUSD (TUSD), and others, will be removed. However, users will still be able to hold, deposit, and withdraw these assets through Binance Convert.
Industry Reaction and Future Plans
In addition to Binance, other exchanges, including Coinbase and Kraken, are also planning to adapt to the new MiCA regulations. MiCA seeks to create a unified legal framework for crypto assets in the EU, but its full implementation is still ongoing.
Binance is actively working to meet new global standards while continuing to provide users with essential asset management capabilities.
