Binance to restrict 'unauthorized' stablecoins in EU starting June 30, urges users to switch to regulated tokens

Binance, the world's largest cryptocurrency exchange, will restrict access to "unauthorized" stablecoins in the European Union starting from the end of June.

The move comes in response to changes in stablecoin regulation outlined in the EU's Markets in Crypto-Assets Regulation (MiCA).

Binance will encourage users to switch to "regulated" stablecoins and will allow them to convert their holdings in unauthorized stablecoins to other digital assets or fiat currency.

The exchange did not specify which stablecoins fall into the "unregulated" category.

https://www.theblock.co/post/298194/binance-to-restrict-unauthorized-stablecoins-in-eu-starting-june-30-urges-users-to-switch-to-regulated-tokens