#BinanceSquareFamily #CZBİNANCE #StablecoinSafety #Europe
Binance, the leading cryptocurrency exchange by trading volume, announced it will soon limit the availability of certain stablecoins in the EU. This move is in response to the EU's upcoming Markets in Crypto-Assets Regulation (MiCA), which takes effect at the end of June. Under the new rules, only stablecoins issued by regulated companies will be available, meaning many existing stablecoins may face restrictions. Binance will allow users to convert holdings in these "unregulated" stablecoins to other digital assets or fiat currency. From June 30, purchasing these stablecoins in Europe will no longer be possible. This regulatory shift comes as Binance's new CEO, Richard Teng, aims to improve the company's regulatory compliance following the sentencing of former CEO Changpeng Zhao.
What are your thoughts ?