Binance's head of legal affairs in France: Plans to delist all stablecoins in Europe by June 30, 2024.

According to BlockBeats news on September 21st, the European Union's cryptocurrency law, MiCA, will come into effect next year, setting a framework for stablecoins within the EU. A Binance executive warned on Thursday that the new EU regulations, which will take effect in a few months, could mean a large-scale delisting of stablecoins, and lawyers are trying to interpret the impact of EU cryptocurrency asset market (MiCA) regulation. Binance's French legal director, Marina Parthuisot, said at an online public hearing hosted by the EBA that, since no projects have been approved yet, "we plan to delist all stablecoins in Europe on June 30th." "This could have a significant impact on the European market compared to other regions in the world."