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The cryptocurrency exchange Binance announced the delisting of nine stablecoins, including Tether's USDT, to users in the European Economic Area (EEA). Stablecoins that were subject to delisting did not comply with the European Markets in Crypto-Assets Regulation (MiCA). Nevertheless, Binance agreed to support the deposit and withdrawal of stablecoins even after it was delisted. The European Securities and Markets Authority (ESMA) monitors MiCA compliance. In response to this situation, ESMA commented on the status of such stablecoins. The regulator pointed out that the storage and transmission of tokens that do not meet MiCA requirements is "not explicitly prohibited". Therefore, according to ESMA, the provision of storage and transmission services for these stablecoins does not violate the new European cryptocurrency law.
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