{"id":166955,"date":"2024-06-03T17:37:12","date_gmt":"2024-06-03T17:37:12","guid":{"rendered":"https:\/\/crypto-economy.com\/?p=166955"},"modified":"2024-06-03T17:48:23","modified_gmt":"2024-06-03T17:48:23","slug":"binance-aligns-with-eu-mica-standards","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/binance-aligns-with-eu-mica-standards\/","title":{"rendered":"Binance Aligns with EU MiCA Standards: New Stablecoin Rules Effective June 30"},"content":{"rendered":"
TL;DR<\/span><\/span><\/strong><\/p>\n Binance,<\/span><\/span><\/a><\/strong> one of the world’s leading cryptocurrency exchange platforms,<\/span><\/span> has announced that it will implement new restrictions on the use of unauthorized stablecoins for users in the European Economic Area<\/span><\/span><\/strong> (EEA) starting<\/span><\/span> June 30, 2024.<\/span><\/span><\/strong><\/p>\n <\/p>\n This <\/span><\/span>measure<\/span><\/span><\/a> is due to the recent approval of <\/span><\/span>the MiCA (Markets in Crypto-Assets) regulations<\/span><\/span><\/strong> by the European Parliament, which establish strict rules for the creation and management of stablecoins in the region.<\/span><\/span><\/p>\n These regulations seek to ensure<\/span><\/span>\u00a0that only regulated companies<\/span><\/span><\/strong> can issue and offer <\/span><\/span>stablecoins<\/span><\/span><\/a> to the public.<\/span><\/span><\/p>\n As a result, some existing stablecoins will not meet these new requirements and will be categorized as <\/span><\/span>\u201cunauthorized stablecoins<\/span><\/span><\/strong>.\u201d<\/span><\/span><\/p>\n To adapt to these new rules, <\/span><\/span>Binance<\/span><\/span><\/strong> has decided not to remove unauthorized stablecoins from its <\/span><\/span>spot trading platform<\/span><\/span><\/strong>, but will limit their availability in certain products.<\/span><\/span><\/p>\n I just wanted to take a moment to address one of the bigger questions raised about our strategy for the upcoming MiCA stablecoin rules. <\/p>\n Please be assured that Binance won't delist any unauthorized stablecoins on spot but will limit their availability for EEA users only on\u2026<\/p>\n — Richard Teng (@_RichardTeng) June 3, 2024<\/a><\/p><\/blockquote>\n\n
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