Quantcast

Binance shifts to MiCA-compliant stablecoins for European users

Binance Says It Recovered $4 Billion in Mishandled Users’ Funds
France: the start-up Bolero raises €2 million to allow fans to invest in music shares
NFT Paris 2024: A look back at the largest web3 event in France
Students: €40,000 to be won during the H-W3B 2024 hackathon to finance your blockchain project
EU crypto AML authority to establish HQ in Frankfurt
Government Leaders and Industry Titans Set to Discuss MICA Law at Crypto Expo Europe 2024 | CoinCodex
Portal Lands On The Binance Launchpad
Binance says it 'accepts responsibility' for past actions as judge approves plea deal
The European Central Bank (ECB) is attacking Bitcoin again – What are its arguments?
Nigeria blocks access to crypto exchanges in effort to curb currency slide
The European Central Bank Is Either Lying About Bitcoin or Lying to Itself
Paris Saint-Germain Becomes First Soccer Team to Validate a Blockchain
The EU Inches Closer to the Digital Euro — Will Stablecoins and Crypto Take a Back Seat?
CME Group to Launch Micro Euro-denominated Bitcoin and Ether Futures on March 18
Digital Euro: The Ecb Tries To Reassure The Banks
FTX affair: are SBF’s lawyers complicit?
Bruno Le Maire announces a new savings plan of 10 billion euros – Who will be affected by the cuts?
Bitcoin spot ETF inflows increase amid net outflows for gold-backed funds
CRYPTO MONEY LAUNDERING COLLAPSED BY 30% IN 2023 (CHAINALYSIS)
Can Bitcoin become legal tender in Europe? One German MP thinks so
Binance Leveraged Tokens: End Clap For Leveraged Tokens On Binance
9dcc Unveils Revolutionary NFC-Integrated Luxury Fashion Line at NFT Paris and Paris Fashion Week
How European regulators are jockeying to attract crypto ventures before MiCA goes live
How to protect yourself from crypto scams? Exclusive interview with the Global Head of Binance Investigations
Crypto exchange Coinbase finally returns to profitability
The total capitalization of cryptocurrencies now exceeds $2,000 billion
Telefónica teams up with Chainlink to fight crypto hacks
France: D-14 for Blockevent, the crypto and AI conference that focuses on innovation experts
Fidelity Cuts Fee on European Bitcoin ETFs
Isle of Man contemplates including crypto under ‘investment’ definition
Binance shifts to MiCA-compliant stablecoins for European users
Web3/Crypto
Webp  81
Richard Teng (middle), CEO of Binance | X

Binance has announced the removal of non-MiCA compliant stablecoin trading pairs for the European Economic Area (EEA), including USDT, DAI, and FDUSD. However, compliant alternatives such as USDC and EURI will remain available. The announcement was made on March 3 via Binance's website.

Starting March 31, Binance will discontinue trading pairs involving these non-compliant stablecoins for European users. According to Cointelegraph, while trading for these assets will cease, users can still deposit, withdraw, and convert their holdings into compliant alternatives like USDC and EURI. This move aligns with the Markets in Crypto-Assets (MiCA) regulation's new requirements for stablecoin issuers, which enforce stricter regulatory oversight and backing reserves.

CoinSpeaker reports that Binance is introducing several promotions to encourage users to transition to MiCA-compliant stablecoins. These include zero-fee trading on select USDC pairs and an incentive campaign for trading EURI. Additionally, the exchange has launched a stablecoin conversion program that allows users to swap non-compliant assets for compliant alternatives before the deadline. Binance's approach aims to facilitate a smooth regulatory transition while maintaining liquidity within the European market.

Get the Newsletter
Sign-up to receive weekly round up of news from Crypto Republique
By submitting, you agree to our Privacy Policy and Terms of Service. By providing your phone number you are opting in and consenting to receive recurring SMS/MMS messages, including automated texts, to that number from our short code. Msg & data rates may apply. Reply HELP for help, STOP to end. SMS opt-in will not be sold, rented, or shared.

Founded in 2017 by Changpeng Zhao, Binance has grown into one of the largest cryptocurrency exchanges globally. To enhance compliance and security measures, Binance has invested in comprehensive Anti-Money Laundering (AML) and Know Your Customer (KYC) programs. These initiatives involve using advanced technologies for identity verification and transaction monitoring while collaborating with regulatory authorities to prevent illicit activities on its platform.

Organizations Included in this History
More News

Slava Demchuk, CEO of AMLBot, said that the implementation of the Markets in Crypto-Assets Regulation (MiCA) will compel 75% of virtual asset service providers (VASPs) in the European Union to halt operations due to compliance challenges.

Mar 14, 2025

Today’s crypto overview: Price action across Bitcoin, Ethereum, Binance Coin, and more on March 13, 2025.

Mar 14, 2025

Bitcoin, Ethereum, Binance Coin & more: Today's crypto overview — March 12, 2025

Mar 13, 2025

OKX has announced that it has secured full Markets in Crypto-Assets (MiCA) approval amid an ongoing European regulatory investigation into its Web3 platform.

Mar 13, 2025

From Bitcoin to Solana: Here’s how major cryptocurrencies moved today – March 11, 2025.

Mar 12, 2025

Binance announced that it has received its first-ever institutional investment from MGX AI.

Mar 12, 2025