Bit2Me will limit purchases of crypto assets that do not comply with MiCA regulations

In accordance with the latest publications by the European Securities and Markets Authority (ESMA) and the European Commission regarding the provision of services by Crypto Asset Service Providers (CASPs) under the Markets in Crypto-Assets (MiCA) regulation, regulatory bodies have requested market participants like Bit2Me to limit the purchase of ARTs or EMTs (stablecoins or asset-referenced tokens) that do not comply with MiCA.

These limitations affect the following crypto assets: USDT, EURT, XAUT, DAI, PAXG, BRZ, UST, TUSD.

At Bit2Me, our priority has always been to protect our users while providing safe access to the crypto world. This includes complying with regulations and adapting to the standards regarding the stablecoins we can offer on our platform.

How does this affect you?

  • We will keep listed those stablecoins that comply with MiCA, such as USDR, EURR, USDC, or EURC.
  • Starting February 25, purchases of USDT, EURT, XAUT, DAI, PAXG, BRZ, UST, and TUSD will no longer be available in Wallet.
  • You will have until March 21 to sell, withdraw, or exchange these crypto assets for another stablecoin that complies with MiCA.
  • Deposits and withdrawals for these crypto assets will be available until March 21.
  • Any balances remaining in any of the affected crypto assets across our services as of March 21 will be automatically and freely exchanged for a permitted stablecoin

Regarding our services:

  • Bit2Me Pro trading pairs including any of these affected crypto assets will be progressively disabled until March 21, as we introduce alternative pairs with fiat or MiCA-compliant stablecoins.
  • Bit2Me Loan and Bit2Me Earn services will continue operating as usual until March 21, after which it will no longer be possible to add or hold these crypto assets in the service.
  • For users in Argentina making deposits via bank transfers (CVU), funds will be credited in USDC. This change will not affect the deposit and purchase flow in Argentina.

UPDATE 02/24/2025

  • Delisting of DAI in Commerce: February 26
    • Why? Due to new MiCA requirements in Europe.
  • Delisting of USDT in Commerce: March 30
    • Why? Due to new MiCA requirements in Europe.

UPDATE 25/02/2025 ON BIT2ME CARD

The linking of wallets with Bit2Me Card will be removed for all users holding XAUT, USDT from wallet, USDT from Earn, EURT from wallet, or EURT from Earn. These users will no longer have a linked wallet, and their future transactions will not work. It is essential to access the app or website and link another wallet to continue using the Card.

Any pending holds made with these currencies will be processed as usual, and if “released,” users will receive the funds in the original currency or in EUR.

It is important to remember that, even though wallet linking is removed, users still have their funds in their respective wallets and can operate with them.

Need help?

Our support team is available to assist you via WhatsApp, phone, or through any of our available channels at https://bit2me.com/support.

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