"The first deadline for compliance with the European Union's (EU) new Electronic Money Markets Regulations (MiCA) rules is approaching, removing many stablecoins from the local market. 📉

Bitstamp has announced the delisting of Tether's euro-pegged stablecoin, EURT, to comply with new rules. Binance has also revamped its stablecoin strategy, classifying them as "regulated" and "permissionless" based on compliance with the new regulation.

The MiCA regulation will be implemented in two phases, starting on June 30, 2024 and fully taking effect on December 30, 2024. Currently, stablecoins have a market capitalization of over $163 billion.

Other news this week includes the resignation of Jump Crypto's president, Animoca Brands' return to the public market, the controversy between Riot and Bitfarms, and more.

Let's discuss the latest information in the cryptocurrency and blockchain industry in the comments!#cryptonews#blockchain"