#broccoli #CryptoRegulation

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

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

The European Authority issued instructions for 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), Paxos Gold (PAXG) along with Tether will not be available to its users in the European Union starting April 1.

Stablecoins are cryptocurrency tokens whose value is backed by an underlying asset, usually fiat currency or reserve assets such as gold.