Binance prepares for Europe’s MiCA stablecoin regulations
As Cointelegraph reported, Binance will strictly comply with the Markets in Crypto Assets (MiCA) stablecoin (asset-referenced token) rules that come into effect at the end of this month. The cryptocurrency exchange has given a sneak peek to users in the European Economic Area, informing them that they can expect changes to its services.
MiCA creates unified rules for issuers of crypto assets that are not yet regulated in the EU. In response, Binance has divided stablecoins into “regulated” and “unauthorized” tokens based on their compliance with the new rules.
The exchange “aims to smoothly achieve the objectives of MiCA by gradually transitioning users from unauthorized stablecoins to regulated stablecoins as more regulated stablecoins become available in the market.”
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