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Binance to delist non-MiCA compliant stablecoins in Europe on March 31

Binance to delist non-MiCA compliant stablecoins in Europe on March 31

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Source: Coin Telegraph

Binance will delist nine stablecoins, including USDT and DAI, in Europe on March 31 to comply with MiCA regulations, while still allowing custody and conversions.

Cryptocurrency exchange Binance is taking steps to comply with European crypto regulations by announcing upcoming delistings of several stablecoins.

On March 31, Binance will delist spot pairs with nine stablecoins — including Tether USDt (USDT) and Dai (DAI) — to comply with Europe’s Markets in Crypto-Assets (MiCA) regulation, the exchange officially announced on Monday.

The delistings will exclusively apply to users in the European Economic Area (EEA), who would be still able to sell their non-MiCA stablecoins after March 31 using Binance Convert.

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Author: Helen Partz