Binance announces restrictions on unauthorized stablecoins in the EU to comply with MiCA regulations, leading to European stablecoin provider halting issuance. Binance informs users about operations post-MiCA enforcement. Lugh Stablecoin to cease EURL issuance due to MiCA rules, offering redemption until August 30th. The stablecoin market is impacted by regulatory changes, with discussions on stablecoins replacing fiat money.
Stablecoins will replace fiat money. That's this tweet.
Weekly #stablecoin https://t.co/uv7QLIWCmT
Another day, another stablecoin story. Due to #MICA rules, @LughStablecoin has announced it will stop issuing its EURL stablecoin. For all the users, redemption will be guaranteed until August 30th this year. Similarly to what happened when #MIFID was first adopted, we are going… https://t.co/kZ1NpVPG8F
The 🇪🇺EEA @binance users just got this email. Binance seems to be the first one to inform its users about their operations after #MICA comes into force - in 26 days (the part regulating stablecoins). Read more about their announcement here - https://t.co/M4Z6q2GrUk https://t.co/G7vyo2HPdQ
European stablecoin provider halting issuance amid MiCA, following Binance announcement https://t.co/6oN3pqUJxs
#Binance Announces Restrictions on Unauthorized #Stablecoins in EU to Comply With #MiCA Regulations #NewsBytes https://t.co/xLcb6duEHy