As of January 2025, Binance has not banned USDT (Tether) in the European Union (EU). However, in anticipation of the EU's Markets in Crypto-Assets (MiCA) regulations, which came into full effect on December 30, 2024, Binance has indicated plans to adjust its stablecoin offerings to ensure compliance. MiCA imposes strict requirements on stablecoin issuers, including obtaining appropriate licensing and maintaining sufficient reserves. In September 2023, Binance's Head of Legal in France mentioned the possibility of delisting non-compliant stablecoins by June 2024 to adhere to MiCA standards.
Despite these considerations, as of now, USDT remains available for trading on Binance within the EU. The exchange has been encouraging users to transition to MiCA-compliant stablecoins, such as USDC and EURI, to align with the new regulatory environment.
It's important to note that while MiCA aims to enhance transparency and consumer protection in the crypto market, the implementation of its provisions includes transitional periods. This allows entities time to achieve compliance, and as such, immediate delistings of stablecoins like USDT have not been uniformly enforced across all platforms. Users are advised to stay informed about the regulatory status of their digital assets and consider transitioning to compliant alternatives where necessary.
For the most current information, users should refer to official communications from Binance and consult the latest updates from EU regulatory authorities.