Binance, positioned as the world&#8217;s largest <a href="https://en.coin-turk.com/" target="_blank" rel="noopener" data-wpel-link="internal">crypto</a> exchange by trade volume, may have recently encountered serious issues stemming from its enormity. This attention-grabbing exchange owes these troubles both to its scale and an ongoing securities lawsuit. As developments in the securities case against Binance continue, CEO Changpeng Zhao has made a new announcement focused on a different region. 
<h2 style="text-align: justify;" id="span-data-contrast-auto-statement-from-binance-ceo-on-mica-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Statement from Binance CEO on MiCA </h2>
In a last-minute statement by the Binance CEO, he pointed out that critical dates for the industry are approaching. The MiCA cryptocurrency law, launched by the European Parliament, was the subject at the heart of the CEO&#8217;s tweet. Crypto exchanges established within Europe will be subject to different laws and regulations under MiCA. 
The exact dates of this law, especially for crypto exchanges and token issuers, have been finalized. Cryptocurrency-based stablecoin issuers will have until June 30, 2024, to comply with the new regulations, and the deadline for crypto exchanges has been set for December 30, 2024. 
<img decoding="async" loading="lazy" class="aligncenter wp-image-83777 size-full" src="https://en.coin-turk.com/wp-content/uploads/2023/06/binance-mica.png" alt="" width="1024" height="948" srcset="https://en.coin-turk.com/wp-content/uploads/2023/06/binance-mica.png 1024w, https://en.coin-turk.com/wp-content/uploads/2023/06/binance-mica-184x170.png 184w, https://en.coin-turk.com/wp-content/uploads/2023/06/binance-mica-768x711.png 768w, https://en.coin-turk.com/wp-content/uploads/2023/06/binance-mica-112x103.png 112w" sizes="(max-width: 1024px) 100vw, 1024px" />
<h2 style="text-align: justify;" id="span-data-contrast-auto-binance-prepares-for-mica-span-span-data-ccp-props-201341983-0-335551550-0-335551620-0-335559739-160-335559740-259-span">Binance Prepares for MiCA </h2>
CZ, after taking a hit from the US, made a statement precisely about this. Changpeng Zhao stated they have already started preparing and will be ready. Indicating that companies in compliance with laws within Europe are expected to see exciting developments, CZ seems to have made an anti-US-focused statement. 
A statement on MiCA also came from the US front. Hester Peirce, an official of the US Securities and Exchange Commission, evaluated the MiCA legislation, which includes crypto regulations and was approved by the European Parliament last month, at the Crypto and Digital Assets Summit organized by the Financial Times in London on Wednesday. Peirce, also known as Crypto Mom, emphasized that this could be a model for the US and stated the US might introduce a similar regulation. 
The MiCA regulation definitely brings changes that will resonate in the crypto industry, and the compliance of crypto exchanges, especially, is eagerly awaited. The conclusion of <a href="https://en.coin-turk.com/binance-us-faces-hardship-amid-sec-lawsuit-major-shift-to-cryptocurrency-only-exchange-looms/" target="_blank" rel="noopener" data-wpel-link="internal">Binance</a>&#8216;s lawsuit in the US could even guide US regulations, depending on the outcome. 
The post <a rel="nofollow" href="https://en.coin-turk.com/binance-prepares-for-mica-significant-regulations-for-crypto-exchanges-on-the-horizon/" data-wpel-link="internal">Binance Prepares for MiCA: Significant Regulations for Crypto Exchanges on the Horizon</a> appeared first on <a rel="nofollow" href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.

Binance Prepares for MiCA: Significant Regulations for Crypto Exchanges on the Horizon

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