Dai (Fuse) Գին

USDT No Longer Welcome ? Crypto.com Adapts To EU Crypto Laws

The European Union is intensifying its control over non-compliant stablecoins with its new regulations. Crypto.com has just announced the removal of Tether (USDT) and nine other cryptos in Europe, a decision that marks a turning point for the sector. Such an initiative directly responds to the requirements of the MiCA regulation (Markets in Crypto-Assets Regulation), which imposes strict oversight of stablecoins and associated services. Following Coinbase, which removed USDT in October 2024, Crypto.com is following suit and imposing a precise timeline for its users. Starting January 31, 2025, the purchase and deposit of these assets will be prohibited on its European platform. From March 31 onwards, any remaining funds will be automatically converted into MiCA-compliant stablecoins. This withdrawal goes beyond mere compliance. It reshapes the landscape of stablecoins in Europe, where exchange platforms must now adapt to new rules or face sanctions. In a rapidly evolving market, this announcement underscores regulators’ intent to impose a strict framework, and casts uncertainty over the future of decentralized stablecoins in the EU.