TechFlow reports that Binance has announced new MiCA stablecoin regulations for the European Economic Area (EEA) will take effect on June 30, 2024. Only regulated companies will be permitted to issue "regulated stablecoins," while unauthorized stablecoins will face restrictions.
Binance will gradually limit the availability of unauthorized stablecoins, allowing users to sell them in exchange for other digital assets, regulated stablecoins, or fiat currencies.
Starting June 30, 2024 (UTC+3), purchasing unauthorized stablecoins will no longer be possible. Spot trading pairs involving unauthorized stablecoins will remain available until further notice.
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