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Tether and Binance Snubbed in EU’s MiCA Approval List

  • 53 firms have received MiCA approval to operate across the EEA, including crypto service providers and stablecoin issuers.
  • Tether was excluded for not meeting audit transparency requirements, hindering its approval under MiCA.
  • Binance is facing regulatory hurdles in multiple EU nations and has been withdrawing from key European markets.
  • The EU's MiCA regulation signals a changing crypto landscape, with only compliant firms being approved to operate.

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