Cryptocurrency Exchange Binance takes steps to comply with European crypto regulations by announcing the upcoming delistings of some stablecoins.
On March 31, Binance will remove the pairs of areas with nine stablecoins – including Tether USDT (USDT) and dai (Dai) – to adhere to Europe Markets in crypto-assets (MICA) regulation, officially exchange announced on Monday.
Delistings are exclusively applied to users in the European Economic Area (EEA), which will be able to sell their non-MICA stablecoins after March 31 using Binance converted.
The following stablecoins of MICA, such as the Circle-Insurable Stablecoins, USDC (UDSC) and Eurite (Euri), will remain available and unchanged, Binance said.
“Caring for the following MICA following stablecoins will continue”
While EEA users are encouraged to convert all non-MICAs following Stablecoins to properties such as the USDC or Euri, or Fiat Currencies such as Euro, Binance said it will still support the custody of the following MICA following the properties.
“The preservation of non-mica-followed stablecoins will continue and you will be able to withdraw or deposit non-compliance MICA stablecoins at any time,” the announcement notes.
An excerpt from Binance’s announcement of removal of non-following MICA following MICA. Source: Binance
The full list of affected non-mica-following stablecoins in Binance includes Tether USDT, Dai, First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Euro (AEUR), Terrausd (UST), Terraclassicusd (USTC), Terrausd (Paxg), Terraclassicusd (USTC) and Paxg (Paxg).
Binance’s announcement came amid the exchange that was still working to receive a MICA license. The exchange previously announced changes in deposit procedures and removal of it in Poland to follow the Mica Framework in January 2025.
This is a story development, and further information will be added as it is available.
