TechFlow reports, citing DLNews, that as the EU's Markets in Crypto-Assets (MiCA) regulation nears implementation, cryptocurrency exchange Bitstamp has announced it will delist Tether's euro-backed stablecoin EURT, along with other euro-supported stablecoins that do not comply with the new rules. James Sullivan, Managing Director of Bitstamp UK, said the exchange will communicate directly with affected users. The new regulations require all fiat-backed stablecoins to be fully backed by liquid reserves. Non-euro-denominated fiat-backed stablecoins that fail to meet MiCA requirements will face restrictions on certain products but will not be delisted. MiCA is set for full enforcement in December this year.
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