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Crypto.com to delist USDT and nine other tokens

Published On
30 Jan 2025 08:14
AuthorVPwriter50

Crypto.com has announced that it will delist Tether's USDT and nine other tokens for users in Europe starting January 31, 2025. This decision is in response to the European Union's Markets in Crypto-Assets (MiCA) regulations, which require compliance from cryptocurrency service providers.

Users will have until March 31, 2025, to convert their holdings into MiCA-compliant assets. The affected tokens include Wrapped Bitcoin (WBTC), Dai (DAI), PayPal USD (PYUSD), and Pax Gold (PAXG), among others.

The exchange's communication indicates that purchases and deposits of these tokens will be suspended, but users can still withdraw their assets until the deadline. If users do not manually convert their tokens, Crypto.com will automatically exchange them for compliant stablecoins or equivalent digital assets. This move reflects a broader trend in the industry as exchanges adapt to increasing regulatory scrutiny.

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