Binance to Remove Non MiCA-Compliant Stablecoins in Europe by March 31

Europe, the land of the free non ending governmental meddling and regulations.

Binance Adjusts to MiCA Regulations

Binance will delist nine stablecoins in the European Economic Area (EEA) on March 31 to comply with the Markets in Crypto-Assets Regulation (MiCA). Affected tokens include Tether (USDT) and Dai (DAI).

Users Can Still Hold and Convert

While trading will stop, users can still hold, deposit, and withdraw these stablecoins. Binance will also allow conversions to MiCA-compliant alternatives like USD Coin (USDC) and Eurite (EURI).

A Binance spokesperson confirmed that non-compliant stablecoins won’t be usable for other platform services. Users are encouraged to switch to approved stablecoins or fiat options like the euro.

Uncertainty Over Binance’s MiCA License

Binance has yet to obtain a MiCA license, which is required for full compliance. The European Securities and Markets Authority (ESMA) has urged platforms to completely remove non-compliant tokens by March 31, 2025. However, Binance hasn’t confirmed if it will fully delist these stablecoins once licensed.