Binance: Plans to restrict users in the European Economic Area from using unauthorized stablecoins

Odaily News Binance officially announced that on June 30, 2024, the new EU Crypto-Asset Market (MiCA) stablecoin rules will take effect throughout the European Economic Area (EEA). This will be the first step into the new regulatory framework and will have a significant impact on the EEA's stablecoin market. Binance will restrict the use of unauthorized stablecoins by users in the European Economic Area, implement phased changes and product restrictions to ensure compliance and minimize market disruption. With the increase in regulated stablecoins on the market, Binance intends to transition users from unauthorized stablecoins to regulated stablecoins to smoothly achieve MiCA goals.