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Bitstamp, recognized as the world’s oldest operating
cryptocurrency exchange, has announced significant updates to its platform
ahead of the Markets in Crypto-Assets Regulation (MiCA), set to be enforced
across the European Union on June 30.
The exchange has confirmed that the
EUR-denominated stablecoin EURT will be delisted before the regulatory
deadline.
Maintaining Non-Euro EMTs
Electronic Money Tokens (EMTs) currently available on
Bitstamp, which do not fall under Euro denomination and are not yet within
MiCA’s regulatory scope, will remain listed. However, these tokens will have
restricted availability for European customers on specific products.
Bitstamp has declared its intention to refrain from listing
any new EMTs that do not comply with MiCA requirements, as well as abstaining
from marketing such tokens. The exchange boasts over 50 licenses globally,
positioning itself as one of the most heavily regulated exchanges worldwide.
Acknowledging its proactive stance on regulatory compliance,
Bitstamp affirms its alignment with many of MiCA’s existing standards. The
exchange continues to vigilantly monitor further developments in the MiCA
framework to ensure ongoing adherence to regulatory mandates.
This article was written by Tareq Sikder at www.financemagnates.com.
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