Binance has stopped immediate trading pairs with USDT from Tether in the European Economic Zone (EA) to comply with markets in organizing encrypted buttons (MICA).
Cointelegraph has learned many non -compatible symbols in EEA, in line with a plan that was revealed in early March, and has learned Cointelegraph.
Although immediate trading pairs of distinctive symbols such as USDT (USDT) are now deleted on Binance, users in EEA still custody of affected symbols and trading in permanent contracts.
Usdt is available for permanent trading on Binance. Source: binance
According to a previous advertisement issued by Binance, the immediate trading pairs of non -compatible symbols were supposed to be removed by MICA by March 31, which are in line with a local condition to delete such symbols at the end of the first quarter of 2025.
Other approaches to the exchanges in EEA
Binance is not the only distinctive symbols that correspond to the encryption of the bladder for space circulation in the European Economic Zone.
Other stock exchanges, such as Kraken, inhibited immediate trading pairs in distinctive symbols such as USDT in the European Economic Zone after announcing plans in February.
According to a notice on the Kraken website on the web, the Exchange USDT restricts for the sale position only in the European Economic Zone on March 24. At the time of writing this report, the platform does not allow EEA users to buy affected symbols.
Kraken restricted Usdt to sell only in EA on March 24. Source: kraken
Among the other non -compatible symbols of MICA, Binance also applied the immediate trading pairs for Dai (Dai), the first USD (FDUSD), Trueusd (Tusd), Pax Dollaar (USDP), PAX Gold (Paxg).
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Kraken Road Map included Al -Shtura in EEA only five symbols: USDT, Paypal Usd (Pyusd), Tether Ert (Ert), Trueusd and Terraclassusus.
Esma does not prohibit custody of the non -compatible symbols
Binance and Kraken are in line with the maintenance of nursery services for MICA’s incompatible symbols with a previous connection of MICA compliance supervisors.
On March 5, an ESMA COINTELEGRAPH spokesman told the incompatible stable and transport services that do not violate the new European cryptocurrency laws.
On the other hand, the same organizer was advised by European encryption service providers to stop all transactions that involve the affected symbols after March 31, adding to a certain extent of confusion on MICA requirements.
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The post Binance ends Tether USDT trading in Europe to comply with MiCA rules first appeared on Investorempires.com.
