Golden Finance reported that Binance’s blog stated that the new stablecoin rules implemented by the EU Crypto-Asset Market (MiCA) framework will take effect on June 30, 2024, affecting stablecoins and the broader digital asset market throughout the European Economic Area (EEA). Binance will restrict the use of unauthorized stablecoins by users in the European Economic Area, implement phased changes and product restrictions to ensure compliance and minimize market disruption. The approach that Binance will take is to transition users from unauthorized stablecoins to regulated stablecoins as more regulated stablecoins are available in the market, thereby smoothly achieving MiCA goals.