Binance Delists Non-MiCA Stablecoins in EEA by 2025

Coin WorldMonday, Mar 3, 2025 4:36 am ET

1min read

Binance, the world's largest cryptocurrency exchange, has announced its intention to delist non-MiCA compliant stablecoin trading pairs for users in the European Economic Area (EEA) by March 31, 2025. This decision aligns with the latest EU regulatory requirements under the Markets in Crypto-Assets (MiCA) framework, which aims to establish a comprehensive regulatory regime for crypto-assets in the European Union.

Binance will cease offering spot and margin trading pairs for non-MiCA compliant stablecoins such as USDT, FDUSD, TUSD, USDP, DAI, AEUR, UST, USTC, and PAXG to EEA users. The exchange advises users to convert their non-MiCA compliant stablecoins to MiCA-compliant assets like USDC and EURI or to EUR before the deadline. Binance will still support custody and allow conversions post-deadline.

This move by Binance is a significant step towards compliance with the upcoming MiCA regulations, which are set to come into effect in 2023. The MiCA framework aims to provide a clear legal framework for crypto-assets, promoting innovation while ensuring consumer protection and market integrity.

The European Union has been actively working on the MiCA regulation since 2020, with the European Parliament and Council reaching an agreement on the final text in June 2022. The regulation is expected to have a significant impact on the crypto industry, as it will establish a common set of rules for crypto-assets across the EU.

Binance's decision to delist non-MiCA compliant stablecoins is a proactive measure to ensure compliance with the upcoming regulations. The exchange has been working closely with regulators and policymakers to ensure that its platform operates in accordance with relevant laws and regulations.

As the crypto industry continues to evolve, exchanges like Binance are taking steps to adapt to the changing regulatory landscape. This move by Binance demonstrates the exchange's commitment to compliance and its willingness to work with regulators to ensure the long-term success of the crypto industry.

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