BNB Chain Surges to All-Time High Amid Positive Market Trends

BNB Chain has surged over 20% to an all-time high of $750, driven by strong institutional interest and a positive market following the election of US President-elect Donald Trump. Despite a subsequent correction to around $573, analysts remain optimistic, projecting potential future highs of $732 to $1,000 as ongoing adoption and strategic token burning support growth. Investors are closely monitoring regulatory developments and updates within the Binance ecosystem for further insights.

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Kraken to Delist Tether and Four Stablecoins in Europe by March 2025

Kraken is set to delist Tether’s USDT and four other stablecoins in Europe to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA), with the full delisting effective March 31, 2025. The process will be gradual, starting with margin pairs moving to “reduce-only” mode on February 13, followed by “sell-only” mode on February 27, and halting all spot trading by March 24. This decision affects clients in the European Economic Area, with the aim of ensuring compliance and maintaining a stable trading environment.

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Crypto.com to Remove Tether for EU Users by January 31 2025

Crypto.com will cease support for Tether’s USDT for European users by January 31, 2025, in compliance with the EU’s Markets in Crypto-Assets (MiCA) regulations. The exchange, which recently obtained a MiCA license in Malta, will also delist other non-compliant assets, including Dai and Wrapped Bitcoin. Users have until March 31 to convert these assets, after which they will be automatically switched to a compliant stablecoin or similar asset.

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Crypto.com to Delist USDT and Nine Tokens in Europe by January 2025

Crypto.com will delist Tether’s USDT and nine other tokens in Europe by January 31, 2025, to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA). Users must convert their holdings into MiCA-compliant assets by March 31, 2025, or face automatic swaps. This move follows increased scrutiny of USDT, which lacks the necessary e-money license under MiCA, and aligns with similar actions by other exchanges like Coinbase.

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Crypto.com Suspends USDT and Other Tokens Under MiCA Regulations

Crypto.com will suspend the purchase of USDT and nine other cryptocurrencies on January 31 to comply with the EU’s Markets in Crypto-Assets Regulation (MiCA). While deposits will be halted, withdrawals will remain available until March 31, 2025, after which any remaining assets will be converted to MiCA-compliant tokens. This move aligns with the European Securities and Markets Authority’s directive to restrict non-compliant stablecoins, reflecting a significant regulatory shift in the cryptocurrency market.

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Crypto.com Delists USDT and Other Tokens for MiCA Compliance

Crypto.com will delist Tether’s USDT stablecoin and nine other tokens by January 31 to comply with the EU’s Markets in Crypto-Assets (MiCA) regulation. Users have until March 31 to withdraw these assets, after which they will be converted to a MiCA-compliant stablecoin. This move follows Crypto.com’s recent regulatory approval from the Malta Financial Services Authority, allowing it to operate across the European Economic Area.

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Crypto Exchanges Secure MiCA Licenses to Enhance Regulation and Market Confidence

OKX, Crypto.com, and Bitpanda have secured full Markets in Crypto Assets (MiCA) licenses, enabling them to operate within the EU’s regulatory framework for digital assets. This includes enhanced consumer protection and compliance measures, such as stricter anti-money laundering protocols. With these licenses, OKX plans to offer a range of trading services to over 400 million Europeans, while Crypto.com aims to enhance transparency and streamline operations across the European Economic Area. Bitpanda, with its MiCA approval, is poised for significant growth, potentially leading to an IPO valued at over $4 billion.

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Bitpanda Secures MiCA License to Operate Across 27 EU States

Austrian cryptocurrency firm Bitpanda has secured a MiCA license from Germany’s BaFin, enabling it to operate across all 27 EU member states. CEO Eric Demuth emphasized the importance of strong enforcement of these regulations to prevent unfair competition from non-compliant companies. He also suggested that the EU could learn from the U.S. approach to crypto regulation.

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OKX Secures MiCA License to Expand Regulated Crypto Services in Europe

OKX has become the first global exchange to secure a MiCA license, enabling it to offer regulated crypto products and services across Europe from its Malta hub. This milestone allows for passporting to all 30 EEA member states, enhancing customer access to over 240 cryptocurrencies and ensuring secure, local-language support. With a commitment to transparency and compliance, OKX aims to redefine the crypto experience in Europe, setting a new benchmark for digital asset regulation.

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Crypto Exchanges Bitpanda Crypto com and OKX Secure Full MiCA Licenses

Crypto exchanges Crypto.com and OKX have secured full licenses under the EU’s Markets in Crypto Assets (MiCA) regulation, marking a significant milestone for the industry. OKX plans to passport its license from Malta to all 30 EEA member states, while Bitpanda also received its full license from BaFin. These approvals come as the EU’s comprehensive crypto rules took effect on December 30, 2024, with several companies, including Coinbase and Circle, already compliant.

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