{"id":19989,"date":"2025-04-01T08:32:35","date_gmt":"2025-04-01T08:32:35","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19989"},"modified":"2025-04-01T08:32:35","modified_gmt":"2025-04-01T08:32:35","slug":"binance-ends-tether-usdt-trading-in-europe-to-comply-with-mica-rules","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19989","title":{"rendered":"Binance ends Tether USDT trading in Europe to comply with MiCA rules"},"content":{"rendered":"
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\"Binance<\/p>\n

Binance has discontinued spot trading pairs with Tether\u2019s USDt in the European Economic Area (EEA) to comply with the Markets in Crypto-Assets Regulation (MiCA).<\/p>\n

Cryptocurrency exchange Binance has delisted spot trading pairs with several non-MiCA-compliant tokens in the EEA in line with a plan disclosed in early March<\/a>, Cointelegraph has learned.<\/p>\n

While spot trading pairs in tokens such as USDt (USDT<\/a>) are now delisted on Binance, users in the EEA can still custody<\/a> the affected tokens and trade them in perpetual contracts<\/a>.<\/p>\n

\"Binance
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USDT is available for perpetual trading on Binance. Source: Binance<\/em><\/p>\n<\/figcaption><\/figure>\n

According to a previous announcement by Binance, the spot trading pairs for non-MiCA-compliant tokens were to be delisted by March 31, which is in line with a local requirement to delist such tokens by the end of the first quarter of 2025.<\/p>\n

Delistings on other exchanges in EEA<\/h2>\n

Binance is not the only crypto exchange delisting non-MiCA-compliant tokens for spot trading in the EEA.<\/p>\n

Other exchanges, such as Kraken, have delisted spot trading pairs in tokens such as USDT in the EEA after announcing plans in February<\/a>.<\/p>\n

According to a notice on the Kraken website, the exchange restricted USDT for sell-only mode in the EEA on March 24. At the time of writing, the platform doesn\u2019t allow its EEA users to buy the affected tokens.<\/p>\n

\"Binance
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Kraken restricted USDT to sell-only mode in the EEA on March 24. Source: Kraken<\/em><\/p>\n<\/figcaption><\/figure>\n

Among other non-MiCA-compliant tokens, Binance has also delisted spot trading pairs for Dai (DAI<\/a>), First Digital USD (FDUSD<\/a>), TrueUSD (TUSD<\/a>), Pax Dollar (USDP<\/a>), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC<\/a>) and PAX Gold (PAXG<\/a>).<\/p>\n

Related: <\/strong><\/em>Tether acquires 30% stake in Italian media company Be Water<\/strong><\/em><\/a><\/p>\n

Kraken\u2019s delisting roadmap in the EEA only included five tokens: USDT, PayPal USD (PYUSD<\/a>), Tether EURt (EURT), TrueUSD and TerraClassicUSD.<\/p>\n

ESMA doesn\u2019t prohibit custody of non-MiCA-compliant tokens<\/h2>\n

Binance and Kraken\u2019s move to maintain custody services for non-MiCA-compliant tokens aligns with a previous communication from MiCA compliance supervisors.<\/p>\n

On March 5, a spokesperson for the ESMA told Cointelegraph that custody and transfer services for non-MiCA-compliant stablecoins do not violate the new European cryptocurrency laws<\/a>.\u00a0<\/p>\n

On the other hand, the same regulator previously advised<\/a> European crypto asset service providers to halt all transactions involving the affected tokens after March 31, adding a certain extent of confusion over MiCA requirements.<\/p>\n

Magazine: <\/strong><\/em>How crypto laws are changing across the world in 2025<\/strong><\/em><\/a><\/p>\n