CoinInsight360.com logo CoinInsight360.com logo
A company that is changing the way the world mines bitcoin

WallStreet Forex Robot 3.0
The Defiant 2025-01-29 20:00:01

Crypto.com to Delist USDT, Nine Tokens in EU by January 31, 2025, Under MiCA Rules

Crypto.com, one of the world's largest cryptocurrency exchanges, has announced the delisting of Tether's USDT and nine other tokens for European users, effective January 31, 2025. This decision aligns with the European Union's Markets in Crypto-Assets (MiCA) regulations, which impose stricter compliance requirements on stablecoin issuers and cryptocurrency services. Affected tokens include Wrapped Bitcoin (WBTC), Dai (DAI), Pax Gold (PAXG), Pax Dollar (USDP), PayPal USD (PYUSD), Liquid Cronos (LCRO), XSGD, and Crypto.com's own staked tokens such as Staked ETH (CDCETH) and Staked SOL (CDCSOL). Users have until March 31, 2025, to convert or withdraw these assets, after which they will be automatically converted to MiCA-compliant alternatives. The move follows Crypto.com's recent approval under MiCA, which allows it to provide regulated services across the European Economic Area. Tether's USDT, the world's largest stablecoin with $139 billion in circulation, faces increased regulatory challenges under MiCA. The delisting reflects the broader impact of MiCA regulations on the crypto industry, as exchanges like Coinbase have also delisted USDT in Europe. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.