### 🚨🚨🚨Will Binance Delist Stablecoins in Europe? CEO Richard Teng Issues Breaking Statement!🚨🚨🚨
Binance, the largest cryptocurrency exchange by trading volume, has announced plans to limit the availability of certain stablecoins deemed "unregulated" by the European Union (EU).
#### Richard Teng's Statement
Richard Teng, CEO of Binance, addressed speculation regarding the potential delisting of stablecoins:
"I would like to take a moment to answer one of the biggest questions being asked about our strategy for the upcoming MiCA stablecoin rules. You can be sure that Binance will not delist unauthorized stablecoins directly, but will only limit their availability to certain products for European Economic Area (EEA) users. Updates about the regulated stablecoins will be shared soon."
#### Stablecoin Regulation in Europe
While Binance has yet to specify which stablecoins will be affected, the company emphasized that only tokens issued by "regulated companies" will be available to the public in Europe. Stablecoins that do not meet these regulatory criteria will face certain restrictions.
#### MiCA's Impact on the Stablecoin Market
The EU's Crypto Asset Markets Regulation (MiCA), set to take effect at the end of June, will introduce new rules for stablecoins. Binance noted that this regulatory framework will significantly impact the stablecoin market within the EEA.
Stay tuned for further updates from Binance regarding which stablecoins will be considered regulated under the new MiCA rules.
