(Crypto.com) will offline USDT for EU users before January 31st to comply with MiCA regulations

Odaily Planet Daily News ((Crypto. com)) stated in an email sent to European users on January 28th that they plan to discontinue USDT before January 31st to comply with MiCA regulations. In addition, three digital asset derivative tokens operated by DAI, WBTC, Pax Gold, Pax Dollar, and ((Crypto. com)) will also be taken offline. A spokesperson stated that the decision only affects EU users and advised customers to convert affected assets into compliant tokens before March. Once effective, (((Crypto. com)) will become the second major cryptocurrency exchange in Europe to delist USDT, following Coinbase. Coinbase terminated support for the stablecoin at the end of last year, citing that it did not comply with the MiCA framework. （crypto.news） Yesterday, it was announced that the Malta Financial Services Authority (MFSA) has issued a Crypto Asset Market Regulation (MiCA) license to its local subsidiary of ((Crypto. com)), making it one of the first large cryptocurrency exchanges to receive regulatory approval under the EU licensing framework. After obtaining the MiCA license issued by MFSA, ((Crypto. com)) can provide its services in compliance within the European Economic Area, which consists of 27 member states.