Binance could delist multiple stablecoins as MiCA takes effect next year

2023-9-22 16:30

Key takeaways

A Binance executive has warned that the exchange could delist multiple stablecoins soon.

The delisting will be fueled by the EU’s MiCA regulation taking effect next year.

Binance to delist  multiple stablecoins

A Binance executive has warned that the cryptocurrency exchange could delist multiple stablecoins from its platform. 

The delisting could happen as the cryptocurrency exchange attempts to decipher the implications of the EU’s Markets in Crypto Assets (MiCA) regulation.

At the moment, it is still unclear how MiCA will apply to decentralized stablecoins and other foreign stablecoin issuers. However, officials from the European Banking Authority (EBA) have pointed out that the regulation immediately applies to coins already on the market.

MiCA was approved last June and will make the EU the first major region in the world to roll out a comprehensive crypto regulation. The regulation would allow crypto exchange and wallet providers to operate across the EU using a single license. 

MiCA’s regulation on stablecoins is set to come into effect in June 2024. Marina Parthuisot, Head of Legal at Binance France, told an online public hearing hosted by the EBA that

“We are heading to a delisting of all stablecoins in Europe on June 30, given that no project has yet been approved. This could have a significant impact on the market in Europe compared to the rest of the world.”

Binance continues to face regulatory pressure

This latest cryptocurrency news comes as Binance continues to face regulatory pressure in the US and other parts of the world. The company’s CEO, Changpeng “CZ” Zhao, hailed MiCA’s clear rules. However, the exchange has exited some European countries, including the Netherlands, Cyprus and Germany, due to regulatory challenges. 

The crypto exchange is still locked in a court case with the United States Securities and Exchange Commission (SEC). Earlier this week, a US court denied the SEC’s request to look into Binance.US’s documents. 

The case continues to affect Binance.US’s performance, with its daily trading volume significantly down in recent months. 

The post Binance could delist multiple stablecoins as MiCA takes effect next year appeared first on CoinJournal.

origin »

Bitcoin price in Telegram @btc_price_every_hour

Binance Coin (BNB) на Currencies.ru

$ 602.68 (+0.51%)
Объем 24H $1.486b
Изменеия 24h: -0.26 %, 7d: -0.75 %
Cегодня L: $597.11 - H: $606.67
Капитализация $82.18b Rank 4
Цена в час новости $ 211.17 (185.4%)

stablecoins binance multiple delist could warned exchange

Источник: coinjournal.net

stablecoins binance → Результатов: 126


Binance ограничит доступ к некоторым стейблкоинам в ЕС

Криптобиржа Binance предупредила пользователей об ограничениях в связи со вступлением в силу новых правил для стейблкоинов на территории Европейской экономической зоны (ЕЭЗ).   Under upcoming MiCA rules some stablecoins will face restrictions as unauthorized stablecoins.

2024-6-3 19:46


Фото:

Coinbase’s USDC Stablecoin Racing to Catch USDT’s Market Cap

Stablecoins have become an important aspect of the cryptocurrency space, and have also become big business with some of the prominent names in the space launching their own iterations. However, even with Coinbase, Binance, and PAX all launching a stablecoin in the last couple of years one stablecoin is still hugely dominant in this sector […] The post Coinbase’s USDC Stablecoin Racing to Catch USDT’s Market Cap appeared first on BeInCrypto.

2020-3-4 20:10


TrustToken Launches TUSD on Binance DEX, Four Stablecoins Set to Follow in “Coming Weeks”

Through the year we’ve kept you, our reader, up to date on the new stable coins released by TrustToken, a stable coin issuer backed by top VC firm Andreessen Horowitz (a16z). In early June, the stable coin issuer announced a partnership with Binance decentralized exchange (DEX) to list the TrueUSD (TUSD) token allowing users to […]

2019-8-8 18:04


Новости криптовалют сегодня, 7 июня 2019

Тут новости криптовалют сегодня от авторов блога «Новости криптовалют». Статья обновляется в течение дня. CoinDesk Binance, ведущая крипто-биржа по объему торгов, сообщила Bloomberg, что выпустит свои собственные стабильные монеты, вероятно, в течение нескольких недель.

2019-6-7 09:05


Binance Chain welcomes a stablecoin and prepares to issue one of its own

Binance, the largest cryptocurrency exchange in the world, prepares to welcome the first stablecoin developed on the Binance Chain (BNB) blockchain while it has begun testing its own. Stablecoins on the Binance Chain In a blog post, Stably, a venture-capital backed startup, announced that it will be launching its StableUSD (USDS) token on the Binance protocol.

2019-6-3 19:08


Binance hack, Coinbase SEC complains and Stablecoins invasion – crypto exchanges preparing for the next bull run

As the world warms up to the reality of the cryptocurrency market as BTC nears $10k again, it is important that people get to know how top trading platforms are doing so far. There are presently more than 100 cryptocurrency exchanges globally, but we will be examining the latest news from Top 4 you cannot […] The post Binance hack, Coinbase SEC complains and Stablecoins invasion – crypto exchanges preparing for the next bull run appeared first on ZyCrypto.

2019-5-16 19:51


Binance: JPMorgan Token a ‘Stepping Stone’ to Mass Crypto Adoption

JPMorgan’s controversial blockchain token might not be a real cryptocurrency, but researchers say it could help spark concrete crypto adoption. Binance Argues JPMorgan’s Dubious Crypto Project Will Spur Real Adoption In a new article from Binance Research, one of the world’s largest cryptocurrency exchanges deems JPM Coin a “stepping stone” toward mass adoption.

2019-3-2 01:32


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Resolv Labs burns hacked USR as exploit losses hit $34m

Resolv Labs burns 36.7m hacked USR after a key compromise let an attacker mint 80m unbacked tokens and dump $24.5m in ETH, leaving a $34m hole in the protocol. Resolv Labs has destroyed 36.73 million USR stablecoins previously controlled by…