Crypto.com plans to remove Tether (USDT) and nine other crypto-assets for European users by January 31, 2025, due to compliance with the EU's Markets in Crypto-Assets (MiCA) regulation. Users are advised to convert their holdings into compliant assets in time to avoid automatic conversions.
The affected assets include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Dollar (PAX), Pax Gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD. These changes signify a major shift in EU crypto landscape under MiCA.
The MiCA aims to regulate the EU crypto market, focusing on stablecoin stability and consumer protection. Companies like Coinbase have already removed USDT from their European offerings.
Quelle: de.beincrypto.com ↗