$BTC #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 European Union Authority instructed exchanges to identify and halt the 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) alongside Tether would not be available to its users in the EU starting April 1.

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