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Question about the EU outlawing stablecoins after june 2024

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by COINS NEWS 125 Views

Referring to the MiCA law that will come into effect june 30 2024. From what I have read Binance has already said they're gonna delist all stable coins for users based in the EU after that deadline.

What happens if I, EU based, will be still holding coins or tokens that can only be traded into USDT after the deadline if the exchange has delisted USDT? Will I be stuck with the coin?

Haven't been able to find any info on this and it's making me crazy. I have a number of coins/tokens on Binance and another exchange, some of them only tradable with USDT.

Their customer support has also been spectacularly unhelpful on this issue.

Hope someone here can shed some light on this. I'm astonished that this isn't being discussed more.

Cheers

Edit: clarity

submitted by /u/MrTotoro1
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