Odaily Planet Daily News Crypto.com said in an email to European users on January 28 that it plans to delist USDT by January 31 to comply with MiCA regulations.
In addition, DAI, WBTC, Pax Gold, Pax Dollar and three digital asset derivative tokens operated by Crypto.com will be delisted. A spokesperson said the decision only affects EU users and advised customers to convert affected assets to compliant tokens before March.
Once effective, Crypto.com will become the second major cryptocurrency exchange in Europe to delist USDT after Coinbase. Coinbase ended its support for the stablecoin at the end of last year on the grounds that it did not comply with the MiCA framework. (crypto.news)
Yesterday, the Malta Financial Services Authority (MFSA) has issued a crypto asset market supervision (MiCA) license to Crypto.com's local subsidiary, making the company one of the first large cryptocurrency exchanges to obtain regulatory approval under the EU licensing framework.
With the MiCA license issued by the MFSA, Crypto.com can provide its services in compliance with regulations within the 27-member European Economic Area.