Cryptocurrency exchange Bitstamp is preparing to fully implement the European market’s regulation on cryptocurrencies known as the Markets in Crypto Assets (MiCA), by removing Euro Tether (EURt) stablecoin from its platform.
Bitstamp, which delisted Euro Tether in November 2021, announced on June 26 that EURt will be removed from the list by the end of June.
This move is in line with the company’s efforts to achieve compliance, as MiCA is set to come into effect on June 30.
James Sullivan, Managing Director of Bitstamp for the United Kingdom, expressed the exchange’s support for MiCA’s goal of harmonizing crypto regulations across the European Union.
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Furthermore, it is believed that Bitstamp’s restriction on euro-denominated stablecoins will not affect those tied to other currencies.
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