Crypto.com, a digital asset exchange, announced it will suspend services for certain stablecoins in Europe due to the Markets in Crypto Assets (MiCA) legislation. From January 31, 2025, the platform will no longer offer Tether (USDT), PayPal USD, Pax Dollar, Crypto.com Staked ETH, and Crypto.com Staked SOL. This decision affects all 30 nations in the European Economic Area. MiCA requires stablecoin issuers and staking service providers to obtain necessary authorization to serve European clients. The European Securities and Markets Authority has urged exchanges to comply with these rules within two months. Crypto.com’s move comes as these tokens are classified as Liquid Staked Tokens (LST) or Asset Reference Tokens (ART) under MiCA, prompting the exchange to delist them to ensure compliance.
To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
Functional
Always active
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
Preferences
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
Statistics
The technical storage or access that is used exclusively for statistical purposes.The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
Marketing
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
