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Knaken Adjusts: USDT, XAUT, DAI, and EURT to Be Delisted in Preparation for MiCA Regulations

The cryptocurrency landscape is constantly evolving, with regulations playing an increasingly significant role. The European Markets in Crypto Assets (MiCA) legislation introduces strict rules for trading stablecoins and other digital assets. To comply with these regulations, Knaken has decided to delist USDT (Tether), XAUT (Tether Gold), DAI, and EURT (Tether Euro). In this blog, we explain why and what this means for you.

Why Are We Stopping Support for USDT, XAUT, DAI, and EURT?

Stablecoins are now subject to stringent MiCA regulations. At this moment, no stablecoin fully meets the European requirements, which means that platforms like Knaken must adapt to ensure compliance. To maintain a regulated and secure trading environment, we have decided to gradually phase out these assets from our platform.

What Does This Mean for You?

We understand that many users hold USDT, XAUT, DAI, and EURT in their portfolios. That’s why we are implementing a four-phase transition to give everyone enough time to take action:

📅 February 6, 2025Buying of USDT, XAUT, DAI, and EURT will be disabled. You will no longer be able to purchase these coins, but selling and withdrawals remain available.
📅 March 6, 2025Selling of USDT, XAUT, DAI, and EURT will be disabled. Only withdrawals to external wallets will be possible.
📅 Until April 7, 2025Final chance to withdraw these assets to your own wallet.
📅 April 8, 2025Complete delisting. Any remaining balances will be automatically converted to EUR.

What Should You Do?

Check your portfolio and review your USDT, XAUT, DAI, and EURT balance.
Take action in time by selling or withdrawing these coins before April 7.
Contact our support team with any questions at [email protected].

What’s Next?

At Knaken, we are committed to maintaining a compliant and secure platform for all our users. We will continue to evaluate stablecoins and other digital assets, exploring opportunities to offer MiCA-compliant stablecoins in the future.

🚀 Do you have any questions? Let us know!

We will keep you updated on further developments and continue to innovate to provide you with the best crypto services.

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Disclaimer: Knaken Cryptohandel B.V. has applied for a MiCA license from the Netherlands Authority for the Financial Markets (AFM). This application is currently being assessed by the AFM.
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KNAKEN CRYPTOHANDEL B.V. © 2024

Knaken Cryptohandel B.V. has applied for a MiCA license from the Netherlands Authority for the Financial Markets (AFM). This application is currently being assessed by the AFM.

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