Binance to restrict USDT and other stablecoin trading in Europe from April 2025

02.04.2025

1122

Cryptocurrency exchange Binance has announced that it will stop spot trading of a number of stablecoins in the European Economic Area (EEA) from April 1, 2025. This decision is due to the need to comply with the new requirements of the MiCA (Markets in Crypto-Assets) regulation, which establishes stricter rules for stablecoin issuers in the EU.

The ban will affect not only Tether (USDT), one of the most popular stablecoins, but also eight other digital assets: Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC) and PAX Gold (PAXG).

Regulation Tightens: MiCA Takes Effect

The MiCA legislation tightens the rules for crypto assets, introducing mandatory requirements for stablecoin reserves, risk management, and transparency of issuers. Binance is adapting its platform to the new rules in advance to avoid potential sanctions and maintain access for European users.

Despite the restrictions, EEA users will be able to continue to store these assets on the exchange and use them to trade on the perpetual contracts market. However, Binance advised clients to convert their funds into EU-compliant stablecoins such as USDC or EURI in advance.

European Market Remains Cautious

Binance’s restrictions highlight Europe’s cautious approach to the crypto market. According to a survey conducted by analysts Bitpanda, less than 20% of banks in the region are ready to provide services related to crypto investments. Regulatory uncertainty and high AML and KYC compliance requirements remain constraints to wider adoption of digital assets.

Binance’s move thus reflects a global trend towards increased regulation of the crypto industry, while also demonstrating the exchange’s readiness to adapt to a tightening regulatory environment.

The SEC will cancel inspections of crypto companies in 2026.

The US Securities and Exchange Commission announced that it will no longer conduct separate reviews of crypto companies in 2026. The new approach, led by Paul Atkins, shifts the focus to asset security, data protection, and cyber resilience, and includes dialogue with the industry. The SEC also released updated guidance on classifying crypto assets based on the Howey Test, which could change the regulation of the digital asset market.

16.11.2025

New FSA rules for cryptocurrencies in Japan

Japan's Financial Services Agency is preparing a comprehensive reform of the crypto market: digital assets will become financial products, capital gains tax will be reduced to 20%, crypto exchanges will increase data disclosure, and banks will potentially be able to store and trade cryptocurrencies.

12.11.2025

Finland implements new cryptocurrency reporting standard

Starting in 2026, Finland will implement the CARF standard, requiring crypto exchanges and wallet providers to transmit detailed transaction data for international exchanges. The new regulations will affect hundreds of thousands of residents and tighten controls on cryptocurrency income.

08.11.2025

Conflict between banks and crypto exchange Coinbase

The ICBA is demanding that the OCC reject Coinbase's application for a banking license, arguing that it could harm traditional banks. Coinbase, however, believes the license will improve market transparency and not harm consumers. The application review will take up to 18 months.