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The EU’s MiCA regulation introduces strict requirements for stablecoins, prompting exchanges to delist non‑compliant assets while maintaining custody and conversion options. These measures aim to enhance transparency, consumer protection, and market integrity within the EU digital asset ecosystem. Compliance with MiCA requires exchanges to implement robust controls and adapt their operations, resulting in a more standardized and regulated market. Users and institutions should expect ongoing changes as the regulatory framework continues to evolve.