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Changpeng Zhao clarifies the delisting of stablecoins

The CEO of the Binance cryptocurrency exchange, Changpeng Zhao, denied the words of a platform representative in a conversation with the media about the delisting of stablecoins from the platform.

CZ added that “this was a question taken out of context,” and Binance has several partners who issue euro-based stablecoins in full compliance with legal requirements.

On September 21, Binance representative Marina Partuisot warned of the possible delisting of stablecoins when the European Crypto Asset Regulation (MiCA) comes into force.

After this, the Binance blog posted messagewhich says:

“We are confident that a constructive solution will be found by mid-2024, but if left as is, this could impact the European cryptocurrency market and the competitiveness of European crypto exchanges in the global market.”

In addition, the statement says that the MiCA rules will require all EU exchanges to exclude from the list stablecoins whose issuers do not have licenses.

Earlier, the director of the American cryptocurrency exchange Binance.US, Krishna Juvvadi, and the chief risk officer, Sidney Majalia, left the company.

Source: Cryptocurrency

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