Binance Prepares for MiCA: Significant Regulations for Crypto Exchanges on the Horizon

Binance, positioned as the world’s largest crypto exchange by trade volume, may have recently encountered serious issues stemming from its enormity. This attention-grabbing exchange owes these troubles both to its scale and an ongoing securities lawsuit. As developments in the securities case against Binance continue, CEO Changpeng Zhao has made a new announcement focused on a different region. Statement from Binance CEO on MiCA In a last-minute statement by the Binance CEO, he pointed out that critical dates for the industry are approaching. The MiCA cryptocurrency law, launched by the European Parliament, was the subject at the heart of the CEO’s tweet. Crypto exchanges established within Europe will be subject to different laws and regulations under MiCA. The exact dates of this law, especially for crypto exchanges and token issuers, have been finalized. Cryptocurrency-based stablecoin issuers will have until June 30, 2024, to comply with the new regulations, and the […] The post Binance Prepares for MiCA: Significant Regulations for Crypto Exchanges on the Horizon appeared first on COINTURK NEWS.