🚨🚨🚨Alert for all crypto users, If you are holding stable coin of any type then do not forget to read full post otherwise may you lose your money 🚨🚨🚨

On 2024-06-30 (UTC+3), new MiCA stablecoin rules come into effect in the EEA. Binance will implement several changes for EEA users to comply with these #Regulations .

Unauthorized Stablecoins will face phased restrictions:

Binance Convert: Only sell options will be available.

Spot Trading: Pairs will remain available until further notice.

Wallet: Custody and withdrawal/deposit services will continue.

General Product Restrictions:

#Rewards will switch to Regulated Stablecoins, BNB, or non-stablecoin tokens.

Spot Copy Trading: Ends on 2024-06-29 (UTC+3).

Margin: New borrowings and margin #collateral involving Unauthorized Stablecoins will be blocked.

Simple Earn: New subscriptions blocked by 2024-06-29 (UTC+3).

Binance Loans: New subscriptions blocked; existing loans remain unaffected.

Auto-Invest: New subscriptions blocked.

Dual Investment: New subscriptions blocked by 2024-06-29 (UTC+3).

Binance Pay: Sending/receiving Unauthorized #Stablecoins blocked.

NFT: Purchases blocked.

Gift Card: Only available in Regulated Stablecoins or other digital assets.

For detailed product impacts, visit Binance's official announcement.

Follow @MU_Traders for more news.

#MU_Traders $PEPE $NOT $BTC

Binance Announces Collateral Ratio Updates for Enhanced Trading Experience

Collateral Ratio Increases:
- $PEPE : 60% → 75%
- $NOT : 40% → 75%
- NEAR : Updated to 75%
- $BONK : Updated to 75%
- BANANA : 10% → 50%
- BB : 10% → 50%
- ZRO : 30% → 50%
- IO : 30% → 50%

These changes may affect your margin requirements and borrowing limits. Make sure to review your account balances and adjust your positions accordingly. @Binance @Binance Square Official

#collateral #CryptoNewss #BinanceHODLerBANANA #pepe⚡ #MemeWatch2024