Crypto.com discontinues Tether and 9 other tokens from its European platform in compliance with EU regulations. Users have until Q1 2025 to convert assets to MiCA-compliant tokens.
Major exchange Crypto.com has announced it will remove Tether (USDT) and 9 other tokens from its platform starting January 31, 2025, to comply with the new regulations of the European Union (MiCA). Users have until the end of the first quarter of 2025 to convert their assets to tokens compliant with MiCA regulations. This action follows a request from the European Securities Market Authority for exchanges to restrict tokens that do not comply with MiCA regulations. Earlier, Coinbase had also removed Tether from its platform in Europe last December. Tether currently holds a market capitalization of $139 billion, making it the world’s largest stablecoin.
