UPS MD-11 Crash Prompts Families to Prepare Wrongful Death Lawsuit 
Firelight Launches as First XRP Staking Platform on Flare, Introduces DeFi Cover Feature 
USPS Expands Electric Vehicle Fleet as Nationwide Transition Accelerates 
Gold Prices Rise as Markets Await Trump’s Policy Announcements 
Sam Altman Reportedly Explored Funding for Rocket Venture in Potential Challenge to SpaceX 
FxWirePro- Major Crypto levels and bias summary 
Apple Downgraded by Jefferies Amid Weak iPhone Sales and AI Concerns 
Bitcoin Bounces Hard: $87,592 Hit as Bulls Defend $80K – Next Stop $100K If $92K Breaks 
Investors value green labels — but not always for the right reasons 
Wall Street Rebounds as Investors Eye Tariff Uncertainty, Jobs Report 
U.S. Condemns China's Dominance in Global Shipbuilding and Maritime Sectors 
KiwiSaver shakeup: private asset investment has risks that could outweigh the rewards 
Netflix Nearing Major Deal to Acquire Warner Bros Discovery Assets 
Insignia Financial Shares Hit 3-Year High Amid Bain and CC Capital Bidding War 
Elliott Investment Management Takes Significant Stake in BP to Push for Value Growth 
Binance is reportedly preparing to delist stablecoins in the European market. The crypto exchange is making this move to comply with the new law in the EU based on the standards set by Markets in Crypto Assets (MiCA).
The EU's landmark MiCA law was already scheduled to take effect next year. However, up to this time, it is not yet clear how the authorities are planning to apply this to foreign or decentralized issuers.
With the new law, CoinTelegraph reported that an executive at Binance said during a public hearing with the European Banking Authority (EBA) that they intend to delist stablecoins in Europe by June 2024. The head of Binance France's legal unit, Marina Parthuisot, said on Thursday, Sept. 21, that since they do not have any approved projects under the MiCA yet, they are "heading to a delisting of all stablecoins in Europe on June 30."
The crypto exchange also issued a warning and predicted multiple delistings of stablecoins due to the EU's MiCA. Binance said it decided to delist to comply with the crypto assets law that will soon be implemented.
Parthuisot further explained that MiCA may have a bigger consequential impact on the European market than the rest of the world. She gave these comments after the MiCa was recently passed in the region.
In any case, in response to Parthuisot's statement, Elizabeth Noble, the team leader for MiCA at the EBA, said, "There is no transitional arrangement for these types of stablecoin tokens. The rules will apply from the end of June next year."
CoinDesk reported that experts in the field have also brought up other issues related to the implementation of the MiCA. Many are still confused over the provisions requiring issuers to be EU-based undertakings.
"A lot of the stablecoin issuers will be, or will purport to be, completely decentralized, therefore without any point of decision or issuance and hence unable to meet MiCA strictures," Latham & Watkins law firm partner, Thomas Vogel, said. "This has become a sort of threshold question for a lot of the people we talk to, and as far as I can tell there is not much guidance."
Photo by: Kanchanara/Unsplash
