In the announcement made by Binance, it was stated that as of June 30, the European Union will restrict stable cryptocurrencies that do not comply with the MiCA criteria.
Urging its users to use stable cryptocurrencies regulated by the European Union, Binance announced that it will limit the trading of stable cryptocurrencies that are not authorized by the EU as of the end of the month.
In its statement, Binance said that the stable cryptocurrency regulation specified in the European Union Crypto Asset Markets Regulation (MiCA) will come into force at the end of June. In this context, it is emphasized that the first step will be taken within the EU's new regulatory framework regarding cryptocurrencies, and it is anticipated that this regulation will have significant effects on the fixed cryptocurrency market in the Euro Zone.