THE EUROPEAN UNION'S CRYPTO PRESSURE CONTINUES!

Binance announced that it will restrict unauthorized stablecoins for users in the European Union. This decision is seen as part of the European Union's regulatory crackdown on cryptocurrencies. Binance will limit the trading and use of such stablecoins in order to comply with EU regulations.

Stablecoins are digital assets used to keep the value of cryptocurrencies stable and are often pegged to fiat currencies such as the US dollar. However, the use of stablecoins that have not received regulatory approval may increase risks such as money laundering and financial crimes.