在云母实施之前

欧洲加密货币景观正在发生地震转变，因为全球领先的数字资产交易所融资宣布了欧洲经济区（EEA）内的Tether（USDT）现货交易的停止。

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正在关闭欧洲经济区（EEA）内的Tether（USDT）现货交易，这是为使加密货币行业与欧盟监管原则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.

此举是在加密资产管理法规（MICA）中引入市场的引入，并旨在协调整个欧盟的加密货币市场，迫使交流重新列入代币并确保遵守法规的综合框架。

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

云母对加密货币部门施加了巨大的监管压力，要求更高的透明度，安全性和遵守既定的财务标准。

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

结果，binance是根据法规的要求删除USDT现货对。

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

但是，EEA中的用户仍将能够监护令牌并从事永久合同交易。

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.

将USDT现货贸易对的推荐是Binance在3月宣布的更广泛战略的一部分，该战略概述了在2025年3月31日之前删除与不合规代币相关的所有现货交易对。

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并不孤单地遵守云母。 2月，Kraken宣布将U​​SDT，PayPal USD，Tether Eurt，Tureusd和Terraclassicusd的现货交易对推荐。

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用户可以出售USDT，但不能购买它，从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.

云母的影响范围超过了USDT，影响了二手股份列出的一系列稳定的代币。

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还删除了DAI（DAI），First Digital USD（FDUSD），TRUEUSD（TUSD），PAX Dollar（USDP），锚定欧洲（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.

这种全面的幻想强调了MICA施加的严格要求，该要求要求更高的透明度，安全性和监管框架，以实现在欧盟内运行的加密货币。

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.

尽管限制越来越大，欧洲证券和市场管理局（ESMA）澄清说，不合规的稳定稳定服务并不构成侵犯云母的侵犯。

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已建议欧洲加密服务提供商在3月31日之后停止与未经批准的代币有关的所有交易，从而对这些准则的实际应用产生了一定程度的歧义。

MiCA's Core Principles

云母的核心原则

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

旨在使欧盟内的加密货币部门协调的云母法规提出了一些关键要求：

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

云母的影响尤其明显对USDT等稳定币，这必须证明符合该法规的储备要求。

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

寻求维持这些代币在欧洲市场中交易的交流必须确保完全遵守云母标准。

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

Binance和Kraken决定限制现货交易而不是完全不合格的代币的决定反映了一种务实的方法。

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

通过继续提供监护权服务和衍生品交易，这些交易所在遵守监管要求的同时为用户保持一定程度的可访问性。

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

但是，云母的长期影响很明显：不合规的加密货币可能会在欧洲市场逐渐被边缘化。

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.

运营商正在积极适应新的监管景观，并且许多目前不合规的令牌可能会发展以满足云母标准。

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

Binance决定在EEA中停止USDT货币交易的决定标志着欧洲加密合规的旅程中的一个重要里程碑。

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

云母的实际应用正在塑造交换和服务提供商的行为，使生态系统朝着更大的透明度和调节迈进。

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

虽然不合规代币的监护权仍然允许，但欧洲用户必须为市场做准备，并减少了某些资产的产品。

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

过渡正在进行中，2025年可能会见证欧洲加密货币部门与云母标准的确切一致性。

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

欧盟主动调节加密货币市场的主动方法不是孤立的现象。

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

在全球范围内，监管机构越来越关注加密货币部门，试图减轻风险并确保投资者的保护。

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

MICA的实施是其他司法管辖区的模型，以寻求建立加密货币的全面监管框架。

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

云母的连锁反应可能会超越欧洲，影响了全球监管标准的发展。

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

加密货币行业正在进入一个新时代，其特征是法规和遵守情况增加。

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

交易所和服务提供商必须适应这些更改，将透明度，安全性和遵守依从性优先考虑已建立的财务标准。

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

加密货币市场的长期成功取决于其与传统金融体系融合的能力，同时保持其创新精神。

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.

云母的实施代表了实现这一余额的重要一步。摘要：Binance正在关闭欧洲经济领域内的Tether（USDT）现货交易，这是将加密行业与欧盟监管原则保持一致的持续努力的一部分。

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

此举是在加密资产管理法规（MICA）中引入市场的介绍，并旨在协调整个欧盟的加密市场，迫使交流重新列入标记并确保遵守该法规的综合框架