#Binance restricts the use of stablecoins.
Binance will soon restrict the availability of "unregulated" stablecoins in the European Union, in accordance with the MiCA regulation which will come into force at the end of June. Only stablecoins issued by “regulated companies” will be available.
Binance has not specified which stablecoins will be considered "unregulated", however the exchange platform offers a phased approach: users will be able to convert their "unauthorized" stablecoins into other assets, but the purchase of these stablecoins will be impossible from June 30.
The move is part of new CEO Richard Teng's efforts to improve collaboration with regulators.
