🚨🚨🚨Alert for all crypto users, If you are holding stable coin of any type then do not forget to read full post otherwise may you lose your money 🚨🚨🚨
On 2024-06-30 (UTC+3), new MiCA stablecoin rules come into effect in the EEA. Binance will implement several changes for EEA users to comply with these #Regulations .
Unauthorized Stablecoins will face phased restrictions:
Binance Convert: Only sell options will be available.
Spot Trading: Pairs will remain available until further notice.
Wallet: Custody and withdrawal/deposit services will continue.
General Product Restrictions:
#Rewards will switch to Regulated Stablecoins, BNB, or non-stablecoin tokens.
Spot Copy Trading: Ends on 2024-06-29 (UTC+3).
Margin: New borrowings and margin #collateral involving Unauthorized Stablecoins will be blocked.
Simple Earn: New subscriptions blocked by 2024-06-29 (UTC+3).
Binance Loans: New subscriptions blocked; existing loans remain unaffected.
Auto-Invest: New subscriptions blocked.
Dual Investment: New subscriptions blocked by 2024-06-29 (UTC+3).
Binance Pay: Sending/receiving Unauthorized #Stablecoins blocked.
NFT: Purchases blocked.
Gift Card: Only available in Regulated Stablecoins or other digital assets.
For detailed product impacts, visit Binance's official announcement.
Follow @MU_Traders for more news.
