Januar Halts USDT Trading in Compliance with MiCA and ESMA Regulations
Januar, today announced that it will discontinue trading of Tether (USDT) for its customers in the European Union.
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January 29, 2025
Januar, today announced that it will discontinue trading of Tether (USDT) for its customers in the European Union.
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January 29, 2025
COPENHAGEN, Denmark – 29 January 2025 – Januar, a leading European crypto payment and account infrastructure platform, today announced that it will discontinue trading of Tether (USDT) for its customers in the European Union, effective 31 January 2025. This decision aligns with the Markets in Crypto-Assets Regulation (MiCA) and recent guidance from the European Securities and Markets Authority (ESMA), which require the cessation of trading for all non-compliant Asset-Referenced Tokens (ARTs) and Electronic Money Tokens (EMTs).
Key Details and Impact
• USDT Trading Suspension: Januar will disable all trading functions (buy/sell) related to USDT on 31 January 2025.
• Ongoing Wallet Support: Despite the trading halt, customers will still be able to hold USDT within Januar wallets and deposit or withdraw USDT at any time.
• Regulatory Compliance: This decision is part of Januar’s commitment to maintaining full compliance with MiCA and ESMA requirements as they come into effect.
• Alternative Stablecoins: Januar recommends that customers seeking a compliant stablecoin consider USD Coin (USDC), which remains fully supported under MiCA.
“At Januar, our top priority is ensuring that our offerings remain compliant with all relevant regulations so our customers can trade with peace of mind. While we regret any inconvenience caused by halting USDT trading, we remain committed to providing reliable, compliant, and secure crypto solutions. We encourage our users to transition to MiCA-compliant stablecoins such as USDC,” said Marcus Mølleskov, Chief Risk & Compliance Officer at Januar.
About Januar
Januar is a Copenhagen-based crypto payment and account infrastructure provider designed to bridge traditional finance and digital assets. Recognised as a trusted partner to a growing portfolio of businesses, Januar focuses on delivering secure, compliant, and user-friendly solutions that empower organisations to transact and innovate in the blockchain ecosystem.
For more information or to learn about alternative stablecoin trading options, please visit www.januar.com or contact our press team at sales@januar.com.
Media Contacts:
Andreas Keinicke, CMO
andreas@januar.com
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