EXZi Announcement on Delisting of Unauthorized Stablecoins Due to the MiCA Requirements

As a major step to shape the legal framework for the digital asset market, the rules for Electronic Money Tokens (EMTs) in the EU's Markets in Crypto Assets (MiCA) Regulation will come into effect across the European Union on 2024-06-30 (UTC+3). 

According to the Title IV of the Regulation (EU) 2023/1114 OF The European Parliament And Of The Council of 31 May 2023 on markets in crypto-assets and amending Regulations (EU) No 1093/2010 and (EU) No 1095/2010 and Directives 2013/36/EU and (EU) 2019/1937, only regulated stablecoin issuers will be allowed to issue and CASPs to offer them to users. 

As a Virtual Asset Service Provider (VASP) headquartered in Lithuania, authorized by the Lithuanian Financial Crime Investigation Service (FCIS), and committed to providing its users with a secure trading experience; EXZi would like to announce that it will delist all the Stablecoins and their trading pairs effective from 2024-06-30 (UTC+3). 

The assets of the users which are not withdrawn or converted to available coins will be converted to BTC automatically by 2024-06-29 23:59 PM  (UTC+3).

To provide a proper digital asset environment, EXZi declares that it is fully committed to MiCA Regulation by meeting regulatory obligations while protecting its users from any loss.

Therefore, EXZi will be closely monitoring the upcoming regulatory environment and take informed decisions regarding the listing of stablecoins approved within the EU after 2024-06-30.

For additional queries and information, please do not hesitate to contact us.