在雲母實施之前

歐洲加密貨幣景觀正在發生地震轉變，因為全球領先的數字資產交易所融資宣布了歐洲經濟區（EEA）內的Tether（USDT）現貨交易的停止。

Binance is shutting down Tether (USDT) spot trading within the European Economic Area (EEA) as part of ongoing efforts to align the crypto industry with EU regulatory principles.

Binance正在關閉歐洲經濟區（EEA）內的Tether（USDT）現貨交易，這是為使加密貨幣行業與歐盟監管原則保持一致的努力的一部分。

This move follows the introduction of the Markets in Crypto-Assets Regulation (MiCA) and aims to harmonize the crypto market across the EU, forcing exchanges to re-list tokens and ensure compliance with the regulation’s comprehensive framework.

此舉是在加密資產管理法規（MICA）中引入市場的引入，並旨在協調整個歐盟的加密貨幣市場，迫使交流重新列入代幣並確保遵守法規的綜合框架。

MiCA has placed significant regulatory pressure on the cryptocurrency sector, demanding greater transparency, security, and adherence to established financial standards.

雲母對加密貨幣部門施加了巨大的監管壓力，要求更高的透明度，安全性和遵守既定的財務標準。

As a result, Binance is removing USDT spot trading pairs in response to the regulation’s requirements.

結果，binance是根據法規的要求刪除USDT現貨對。

However, users in the EEA will still be able to custody the token and engage in perpetual contract trading.

但是，EEA中的用戶仍將能夠監護令牌並從事永久合同交易。

The delisting of USDT spot trading pairs is part of a broader strategy announced by Binance in March, which outlined the removal of all spot trading pairs linked to non-compliant tokens by March 31, 2025.

將USDT現貨貿易對的推薦是Binance在3月宣布的更廣泛戰略的一部分，該戰略概述了在2025年3月31日之前刪除與不合規代幣相關的所有現貨交易對。

Binance is not alone in its efforts to comply with MiCA. In February, Kraken announced the delisting of spot trading pairs for USDT, PayPal USD, Tether EURt, TrueUSD, and TerraClassicUSD.

Binance並不孤單地遵守雲母。 2月，Kraken宣布將U​​SDT，PayPal USD，Tether Eurt，Tureusd和Terraclassicusd的現貨交易對推薦。

However, Kraken’s approach differs slightly, allowing EEA users to sell USDT but not purchase it, effectively limiting its usability.

但是，Kraken的方法略有不同，使EEA用戶可以出售USDT，但不能購買它，從而有效地限制了其可用性。

The impact of MiCA extends beyond USDT, affecting a range of stablecoins and non-compliant tokens listed on Binance.

雲母的影響範圍超過了USDT，影響了二手股份列出的一系列穩定的代幣。

In addition to USDT, Binance has removed spot trading pairs for Dai (DAI), First Digital USD (FDUSD), TrueUSD (TUSD), Pax Dollar (USDP), Anchored Euro (AEUR), TerraUSD (UST), TerraClassicUSD (USTC), and PAX Gold (PAXG).

除USDT外，Binance還刪除了DAI（DAI），First Digital USD（FDUSD），TRUEUSD（TUSD），PAX Dollar（USDP），錨定歐洲（AEUR），Terrausd（UST），Terrausd（UST），TerraclassICUSD（USTC），USTC和PAX GOLD（PAXG（PAXG））的Binance。

This comprehensive delisting underscores the stringent requirements imposed by MiCA, which demands a higher standard of transparency, security, and regulatory framework for cryptocurrencies operating within the EU.

這種全面的幻想強調了MICA施加的嚴格要求，該要求要求更高的透明度，安全性和監管框架，以實現在歐盟內運行的加密貨幣。

Despite the increasing restrictions, the European Securities and Markets Authority (ESMA) has clarified that custody and transfer services for non-compliant stablecoins do not constitute a violation of MiCA.

儘管限制越來越大，歐洲證券和市場管理局（ESMA）澄清說，不合規的穩定穩定服務並不構成侵犯雲母的侵犯。

However, ESMA has advised European crypto service providers to cease all transactions related to non-approved tokens after March 31, creating a degree of ambiguity regarding the practical application of these guidelines.

但是，ESMA已建議歐洲加密服務提供商在3月31日之後停止與未經批准的代幣有關的所有交易，從而對這些準則的實際應用產生了一定程度的歧義。

MiCA's Core Principles

雲母的核心原則

The MiCA regulation, which aims to harmonize the cryptocurrency sector within the European Union, imposes several key requirements:

旨在使歐盟內的加密貨幣部門協調的雲母法規提出了一些關鍵要求：

The impact of MiCA is particularly pronounced on stablecoins like USDT, which must demonstrate compliance with the regulation’s reserve requirements.

雲母的影響尤其明顯對USDT等穩定幣，這必須證明符合該法規的儲備要求。

Exchanges seeking to maintain the trading of these tokens within the European market must ensure full compliance with MiCA’s standards.

尋求維持這些代幣在歐洲市場中交易的交流必須確保完全遵守雲母標準。

Binance and Kraken’s decision to limit spot trading rather than completely delist non-compliant tokens reflects a pragmatic approach.

Binance和Kraken決定限制現貨交易而不是完全不合格的代幣的決定反映了一種務實的方法。

By continuing to offer custody services and derivatives trading, these exchanges maintain a degree of accessibility for users while adhering to regulatory requirements.

通過繼續提供監護權服務和衍生品交易，這些交易所在遵守監管要求的同時為用戶保持一定程度的可訪問性。

However, the long-term implications of MiCA are clear: non-compliant cryptocurrencies risk being progressively marginalized within the European market.

但是，雲母的長期影響很明顯：不合規的加密貨幣可能會在歐洲市場逐漸被邊緣化。

Operators are actively adapting to the new regulatory landscape, and it is likely that many currently non-compliant tokens will evolve to meet MiCA’s criteria.

運營商正在積極適應新的監管景觀，並且許多目前不合規的令牌可能會發展以滿足雲母標準。

Binance’s decision to halt USDT spot trading in the EEA marks a significant milestone in the journey towards crypto compliance in Europe.

Binance決定在EEA中停止USDT貨幣交易的決定標誌著歐洲加密合規的旅程中的一個重要里程碑。

The practical application of MiCA is shaping the behavior of exchanges and service providers, driving the ecosystem towards greater transparency and regulation.

雲母的實際應用正在塑造交換和服務提供商的行為，使生態系統朝著更大的透明度和調節邁進。

While the custody of non-compliant tokens remains permitted, European users must prepare for a market with a reduced offering of certain assets.

雖然不合規代幣的監護權仍然允許，但歐洲用戶必須為市場做準備，並減少了某些資產的產品。

The transition is underway, and 2025 will likely witness the definitive alignment of the European crypto sector with MiCA’s standards.

過渡正在進行中，2025年可能會見證歐洲加密貨幣部門與雲母標準的確切一致性。

The European Union’s proactive approach to regulating the cryptocurrency market is not an isolated phenomenon.

歐盟主動調節加密貨幣市場的主動方法不是孤立的現象。

Globally, regulatory bodies are increasingly focusing on the crypto sector, seeking to mitigate risks and ensure investor protection.

在全球範圍內，監管機構越來越關注加密貨幣部門，試圖減輕風險並確保投資者的保護。

The implementation of MiCA serves as a model for other jurisdictions seeking to establish comprehensive regulatory frameworks for cryptocurrencies.

MICA的實施是其他司法管轄區的模型，以尋求建立加密貨幣的全面監管框架。

The ripple effect of MiCA is likely to extend beyond Europe, influencing the development of regulatory standards worldwide.

雲母的連鎖反應可能會超越歐洲，影響了全球監管標準的發展。

The cryptocurrency industry is entering a new era characterized by increased regulation and compliance.

加密貨幣行業正在進入一個新時代，其特徵是法規和遵守情況增加。

Exchanges and service providers must adapt to these changes, prioritizing transparency, security, and adherence to established financial standards.

交易所和服務提供商必須適應這些更改，將透明度，安全性和遵守依從性優先考慮已建立的財務標準。

The long-term success of the cryptocurrency market hinges on its ability to integrate with the traditional financial system while maintaining its innovative spirit.

加密貨幣市場的長期成功取決於其與傳統金融體系融合的能力，同時保持其創新精神。

The implementation of MiCA represents a significant step towards achieving this balance.own summary: Binance is shutting down Tether (USDT) spot trading within the European Economic Area (EEA) as part of ongoing efforts to align the crypto industry with EU regulatory principles.

雲母的實施代表了實現這一餘額的重要一步。摘要：Binance正在關閉歐洲經濟領域內的Tether（USDT）現貨交易，這是將加密行業與歐盟監管原則保持一致的持續努力的一部分。

This move follows the introduction of the Markets in Crypto-Assets Regulation (MiCA) and aims to harmonize the crypto market across the EU, forcing exchanges to re-list tokens and ensure compliance with the regulation’s comprehensive framework

此舉是在加密資產管理法規（MICA）中引入市場的介紹，並旨在協調整個歐盟的加密市場，迫使交流重新列入標記並確保遵守該法規的綜合框架