Crypto.com Delists USDT and Other Tokens to Comply with MiCA
- Crypto.com will remove USDT and nine other tokens, including Wrapped Bitcoin (WBTC) and DAI.
- Users have until March 31 to withdraw these assets before automatic conversion.
- The delisting follows Crypto.com’s approval under MiCA by the Malta Financial Services Authority.
- MiCA enforces strict reserve requirements for stablecoins in the European Economic Area (EEA).
- Tether’s CEO expressed concerns about potential systemic risks due to these regulations.
Crypto.com is delisting several tokens, including USDT, after securing regulatory approval under MiCA, which enforces stringent standards for stablecoins in the EEA. Users must withdraw affected assets by March 31.
Source (2.6.1)https://cryptoslate.com/crypto-com-to-delist-usdt-and-other-tokens-to-comply-with-mica/?rand=24433
