Changpeng Zhao quashed the rumors of Binance delisting stablecoins by June 30, 2024, noting the comments made by the exchange’s representative were taken out of context.
The rumors were sparked by the comments of Marina Parthuisot, the legal head at Binance France. In a hearing hosted by the European Banking Authority, she claimed that Binance will delist all stablecoins by the end of June next year as lawmakers have not approved any stablecoin projects yet, adding,
“This [Binance delisting stablecoins] could have a significant impact on the market in Europe compared to the rest of the world.”
Subsequently, Zhao tweeted the number "4," referring to another post he published earlier this year on avoiding “Fear, uncertainty, and doubt (FUD).” He highlighted that instead of delisting stablecoins in Europe, Binance’s partners aim to release stablecoins backed by Euro and other currencies. In his words,
“It was a question taken out of context. In fact, we have a couple of partners launching EUR and other stable coins, in fully compliant manners of course.”
In April 2023, the European Parliament voted in favor of the landmark MiCA law, and the bill was published in the Official Journal of the European Union by June. Many exchanges, including Coinbase and Binance, have commended the EU for advocating clear crypto rules and regulation.
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Ayush Pande
Ayush Pande is a hardware, gaming, and crypto writer based in India. He's a tech enthusiast who's fascinated by the potential of blockchain technology.
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