Entry into force of MiCA rules on stablecoins: how Binance implements the regulations
Key takeawaysThe new stablecoin provisions of the EU's Markets in Crypto-Asset (MiCA) Regulation will come into force from June 30, 2024. They will affect stablecoins as well as digital asset markets in the European Economic Area (EEA). This blog post describes Binance's approach to complying with the new rules.In summary, Binance will limit the use of unregulated stablecoins for users residing in the EEA by implementing progressive restrictions on the range of digital asset products offered within the EEA, in order to comply with rules on stablecoins while minimizing market disruption.
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