Crypto.com, one of the leading cryptocurrency exchanges, has announced that Tether (USDT) will be delisted within the framework of the European Crypto Assets Regulation (MiCA). Accordingly, Crypto.com announced that it will delist Tether (USDT) and Wrapped Bitcoin (WBTC), DAI, Pax dollar (PAX), Pax gold (PAXG), PayPal USD, Cryptocom Staked ETH (CDCETH), Cryptocom Staked SOL (CDCSOL), Liquid CRO (LCRO), XSGD (XSGD) in Europe on January 31. The exchange stated in its statement that they will continue to support withdrawal transactions for delisted tokens until the end of the first quarter of 2025 and that the exact delisting date is planned as March 31. “Users holding these tokens will have until March 31 to convert them into MiCA-compliant assets, otherwise they will be automatically converted into a compliant stablecoin or asset with the relevant market value.” The following statements were included in the e-mail sent to users: “Our valued customer, Please note that due to regulatory requirements, certain services relating to the following crypto assets deemed unauthorized in terms of the Markets in Crypto-Assets Regulation ('Affected Assets') will be discontinued on the Crypto.com App in your jurisdiction as of January 31, 2025 ('Effective Date'): “Cryptocom Staked ETH (CDCETH), Cryptocom Staked SOL (CDCSOL), Dai (DAI), Liquid CRO (LCRO), Pax Dollar (PAX), Pax Gold (PAXG), Wrapped Bitcoin (WBTC), XSGD (XSGD), PayPal USD (PYUSD) and Tether (USDT)” *This is not investment advice. Continue Reading: Another One of the Largest Cryptocurrency Exchanges Has Decided to Delist Tether (USDT)!
