🚨Alert: Death of Decentralization in Europe 🚨#Binance
As of April 1, 2025, European legislation regarding cryptocurrencies has evolved with the entry into force of the MiCA regulation (Markets in Crypto-Assets) on December 30, 2024. This regulation aims to harmonize the rules related to crypto-assets within the European Union, strengthening investor protection and combating money laundering. Basically, we are trapped and monitored on every transaction.☠️
❗️To comply with MiCA, Binance has made the following adjustments: ‼️
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1. **Strengthening KYC obligations**: Stricter identity checks.
2. **Restrictions on stablecoins**: Removal of stablecoins not compliant with MiCA, such as USDT, starting March 31, 2025
3. **Suspension of anonymous cryptocurrencies**: Stopping enhanced anonymity cryptocurrencies since June 2023
4. **Modifications to derivatives**: Restricted access to futures and options with Binance.