#BroccoliCommunity #CryptoRegulation

Binance announced the decision, stating that this move aligns with the latest guidelines from EU 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 EU authority issued instructions to 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 EU starting April 1.

Stablecoins are cryptocurrency tokens that are backed by an underlying asset, typically fiat currencies or reserve assets like gold.