Well, folks, hold onto your wallets! Cryptocurrency exchange Crypto.com is throwing a party, and guess what? Tether’s USDt and nine of its token buddies are getting the boot in Europe! 🎉 Why? Because the fancy new Markets in Crypto-Assets Regulation (MiCA) framework decided to crash the party like a relative who shows up uninvited and eats all the chips!
Mark your calendars for January 31, because that’s when Crypto.com will stop letting you buy Tether USDt (USDT) and its nine token pals. A spokesperson for the exchange confirmed this shocking news to CryptoMoon on January 29. I mean, who needs stablecoins anyway? They’re so last season! 😜
But wait, there’s more! After they disable deposits, you can still withdraw your tokens until the end of the first quarter of 2025. That’s right, folks! You’ve got until March 31 to say goodbye to your beloved tokens before they vanish like your New Year’s resolutions! 🎈
“Users holding these tokens will have until the end of Q1, 31st of March, to convert them to MiCA-compliant assets,” said Crypto.com’s representative. Or else, they’ll be magically transformed into a compliant stablecoin or asset of corresponding market value. It’s like a crypto fairy tale, but without the happy ending! 🧚♂️✨
Wrapped Bitcoin and Dai among affected tokens
In total, Crypto.com is giving the heave-ho to ten cryptocurrencies, according to some social media gossip and an email notice from the exchange on January 28. So, apart from USDT, say goodbye to Wrapped Bitcoin (WBTC), Dai (DAI), Pax dollar (PAX), Pax gold (PAXG), PayPal USD (PYUSD), Crypto.com Staked ETH (CDCETH), Crypto.com Staked SOL (CDCSOL), Liquid CRO (LCRO), and XSGD (XSGD). It’s like a crypto funeral, and everyone’s invited! 🎭
These delistings are all part of a recent statement from the European Securities and Markets Authority (ESMA), which decided to play the role of the strict parent, telling European crypto asset service providers (CASP) to restrict non-MiCA-compliant stablecoins. Talk about a buzzkill! 🥳
This is a developing story, and we’ll keep you updated as more information rolls in. Stay tuned, folks! The crypto circus is just getting started! 🎪
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2025-01-29 10:53