Crypto.com Will Suspend Tether, PayPal Stablecoin Services in Europe due to MiCA

Description

Digital asset exchange Crypto.com said it will suspend certain token services deemed to be unauthorized in terms of the European Union's Markets in Crypto Assets legislation (MiCA) in a statement to its clients on Tuesday. The statement said that from Jan. 31, it will no longer offer certain services from stablecoins, like Tether USDT, Paypal USD, Pax dollar alongside Crypto.com Staked ETH and Crypto.com Staked SOL. CoinDesk reached out to Tether, Paypal and Paxos for a comment. Exchanges are re...