The landmark MICA regulation for Bitcoin (BTC) and cryptocurrencies is expected to come into force next year.
At this point, MICA is expected to create a legal framework for stablecoins.
According to Coindesk, Binance French legal director Marina Parthuisot warned in her statement today that the new MICA rules that will come into force may result in the large-scale delisting of stablecoins.
The Binance executive said that at this point, Binance plans to delist all currently listed stablecoins on June 30, 2024, as no stablecoins have yet been approved according to MiCA rules.
Commenting on the post of cryptocurrency journalist Wu Blockchain, who made this news, Binance CEO CZ stated that this issue is not clear yet and said:
This was a question taken out of context.
“In fact, we have several partners that launch EUR and other stablecoins in a fully compatible manner.”
It was a question taken out of context.
In fact, we have a couple of partners launching EUR and other stable coins, in fully compliant manners of course.
— CZ 🔶 Binance (@cz_binance) September 21, 2023