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Crypto.com Announces Plan to Delist Tether (USDT) and 9 Other Tokens in Europe Amidst MiCA Compliance
In a recent announcement, Crypto.com has revealed its intention to delist Tether (USDT) and nine other tokens in Europe as part of its efforts to comply with the new regulations set forth by the Markets in Crypto-Assets (MiCA) framework. This decision is a significant development in the European cryptocurrency market, which is undergoing a transformation under the newly adopted MiCA regulations.
As the industry adapts to these updated rules, it’s becoming increasingly clear that only tokens meeting the requirements of the new regulatory environment will be allowed to remain listed on CASP platforms in Europe. This shift has been emphasized by Juan Ignacio Ibañez from the Technical Committee of the MiCA Crypto Alliance, who emphasized that all non-compliant tokens should be delisted from CASP platforms by March 31.
Crypto.com’s decision to remove Tether (USDT) and other affected assets is a crucial step in complying with these regulations. This move demonstrates the company’s commitment to regulatory compliance and its willingness to adapt to the changing landscape.
As more exchanges meet the requirements set forth by MiCA, it’s likely that we’ll see an even greater shift in the European cryptocurrency market. The delisting of USDT and other non-compliant tokens will undoubtedly have a significant impact on the market dynamics.
Source: http://www.crypto-news-flash.com
