EU's MiCA regulation may lead to the mass delisting of stablecoins, warns Binance

EU's MiCA regulation may lead to the mass delisting of stablecoins, warns Binance

From financemagnates.com

Binance has raised concerns about how the Market in Crypto Asset (MiCA) regulation will apply to decentralized and foreign issuers. One of the exchange's concerns is its provisions regarding stablecoins. These digital assets, whose values are tethered to traditional assets like fiat currency or precious metals, face a critical moment as MiCA's provisions on stablecoins are scheduled to take effect in June 2024. Marina Parthuisot, the Head of Legal at Binance France, expressed her apprehension during an online public hearing hosted by the European Banking Authority (EBA), stating that without any project approvals ... (full story)

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