#Brocoli #CryptoRegulation

Binance announced the decision, stating that this step aligns with the latest guidelines from European authorities regarding stablecoin regulations.

In January, the European Securities and Markets Authority (ESMA) directed all cryptocurrency exchanges to verify whether the assets listed on their platforms comply with MiCA laws.

The European Authority instructed exchanges to identify and halt trading of tokens that do not comply with MiCA legislation.

According to the guidelines, Binance stated that First Digital USD (FDUSD), Pax Dollar (USDP), Dai (DAI), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), TrueUSD (TUSD), and Paxos Gold (PAXG) along with Tether will not be available to its users in the European Union starting April 1.

Stablecoins are crypto tokens whose value is backed by an underlying asset, typically fiat currencies or reserve assets like gold.