Bitstamp to delist non-compliant stablecoins ahead of EU MiCA regulations

Bitstamp Exchange will delist Tether’s EURT and other stablecoins that do not comply with the EU’s new crypto asset regulations before the June 30 deadline, according to DL News. Fiat-backed stablecoins not denominated in euros will be restricted in some products but will not be delisted. The exchange will not list or market non-compliant new tokens. Bitstamp’s UK managing director, James Sullivan, stated that the exchange is directly communicating with affected customers. MiCA mandates fiat-backed stablecoin issuers implement safeguarding measures and maintain liquid reserves. In April, Tether acknowledged it was interpreting MiCA’s complexities but did not plan to be regulated in Europe at the moment. Other exchanges, like Binance, are also preparing for MiCA, while Coinbase is monitoring compliance. Crypto platforms must adhere to MiCA's licensing requirements by December 30.