Binance to Delist Non-MiCA Compliant Stablecoins in EEA
- Binance will delist nine stablecoins, including USDT and PAXG, for users in the European Economic Area (EEA) starting March 31.
- The delisting is due to non-compliance with the EU’s Markets in Crypto Assets (MiCA) regulations.
- Stablecoins like USDC issued by Circle are not affected as they comply with MiCA regulations.
- Tether has appointed Simon McWilliams as its new Chief Financial Officer to enhance financial transparency.
- Tether relocated its subsidiaries to El Salvador, citing a favorable regulatory environment.
Binance will remove several stablecoins from its platform in the EEA due to MiCA non-compliance, while Tether takes steps towards increased financial transparency by appointing a new CFO.
Source (2.6)https://decrypt.co/308449/binance-to-delist-tether-and-other-stablecoins-for-eea-users-due-to-mica-regulations?rand=52368
