Bn announced a comprehensive "freeze" of stablecoin transactions
Bn has officially announced that from June 26, 2024, users in the EU will no longer be able to use stablecoins such as USDT for transactions. This means that all operations involving stablecoins will be completely "frozen".
From that date, popular trading methods such as futures trading and grid futures will all be stopped. If investors hold losing positions, they will be forced to close their positions on the specified date.
Although Bn explained that this move was to comply with MiCA regulations, the news still surprised many investors. Bn clearly stated that it would not bear any responsibility for losses caused by forced liquidation. Investors must bear the corresponding risks themselves.
