Binance to remove non-MiCA compliant stablecoins in Europe
MiCA-compliant stablecoins like USDC and Eurite (EURI) will remain available, and Binance advises users to convert non-compliant coins into approved alternatives or fiat.
Binance has announced it will delist nine stablecoins in the European Economic Area (EEA) on 31 March, as part of its efforts to comply with the Markets in Crypto-Assets Regulation (MiCA). Among the stablecoins being removed are Tether’s USDT and Dai (DAI). Despite the delisting, users will still be able to hold and withdraw these tokens, but they will be unable to use them for other products or services on the platform.
The exchange has assured users that MiCA-compliant stablecoins, like USDC and Eurite (EURI), will remain available. Binance is also encouraging affected users to convert non-compliant stablecoins into MiCA-approved alternatives, or fiat currencies, to continue accessing Binance’s full range of services.
While Binance is still working on obtaining a MiCA licence, the delisting process aligns with regulations that require all non-compliant tokens to be removed by March 2025. However, questions remain about how the platform will handle these assets once the MiCA licence is granted.
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