#BinancePizza #CryptoRegulation #CryptoRegulation

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

The EU authority instructed exchanges to identify and halt trading of tokens that do not comply with MiCA regulations.

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 would not be available to its users in the EU starting April 1.

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