#StablecoinLaw Here’s a concise summary of the current stablecoin regulations affecting Binance in the U.S. and EU:
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🇺🇸 United States — GENIUS Act (Law since July 18, 2025)
The GENIUS Act (Guiding and Establishing National Innovation for U.S. Stablecoins Act) is now U.S. law. It establishes the first federal framework for stablecoins .
Key provisions:
Issuers must back stablecoins 1:1 with U.S. dollars or equivalent low-risk assets, and provide regular audits and public disclosures .
Licensing and oversight involves both federal and state regulators, with AML/KYC compliance and bankruptcy protections included .
Defines which entities may issue stablecoins (e.g. banks, regulated firms) and sets consumer protections and financial transparency requirements .
These rules apply widely to stablecoins traded on Binance for U.S. users and Binance's U.S. exposure.
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🇪🇺 European Union — MiCA Regulation (Since Dec 30, 2024)
The Markets in Crypto‑Assets Regulation (MiCA) is EU-wide law effective December 2024 .
Binance’s actions under MiCA:
Binance categorized stablecoins as regulated vs unauthorized. Non‑compliant coins are restricted or delisted in the **European Economic Area (EEA)** .
From June 30, 2024, unauthorized stablecoins entered “sell-only” mode for EEA users—no new purchases or use in lending, but conversion and withdrawals remained allowed .
Major stablecoins like USDT, DAI, TUSD, FDUSD etc., were slated for full delisting in the EEA by March 31, 2025. EEA users were urged to convert to MiCA‑compliant tokens like USDC or EURI .
Binance engaged regulators (e.g., EBA) early and has been working toward compliance, even without fully holding EU EMI licenses yet .
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🔍 Summary Comparison
Region Regulation & Status Requirements for Stablecoin Issuers Binance Platform Impact
U.S. GENIUS Act (law as of 18 July 2025) 1:1 backing, audits, disclosure, dual oversight All U.S.–facing stablecoins must comply with federal law
EU (EEA) MiCA (in force since 30 Dec 2024) Issuer needs EU EMI/credit license, strict compliance Non‑MiCA stablecoins delisted / restricted since mid‑2024
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🔒 What This Means for Binance Users
U.S. users: Any stablecoin offering on Binance must now meet GENIUS Act standards (full backing, audits, licensing).
European (EEA) users: Binance is phasing out non‑MiCA stablecoins. After March 31 2025, unauthorized coins will no longer be tradable and may be delisted entirely.
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In short:
🇺🇸 GENIUS Act sets the U.S. federal baseline: stablecoins must be fully reserved, audited, and overseen.
🇪🇺 MiCA enforces strict EU-wide rules requiring issuer licensing and forbidding many current stablecoins without compliance.
Binance has tailored its platform operations to meet both regimes—phasing out, restricting or converting certain coins depending on jurisdiction.
