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Transition to USDC Stablecoin

Dear Bilenex Users,

We would like to inform you of an important change that will affect all users of our platform. In response to new European regulatory requirements, our team has decided to discontinue support for the USDT stablecoin and fully transition to using USDC.

This change will take effect on September 1, 2024.

The decision to transition is based on the introduction of a new European regulation called Markets in Crypto-Assets (MICA). MICA is a key legislative framework aimed at creating a unified approach to the regulation of crypto-assets within the European Union. Under this regulation, only stablecoins that have obtained the necessary licensing within Europe can be offered for sale and use on platforms operating in the region.

As of now, the USDC stablecoin has successfully completed all necessary procedures and obtained licensing in Europe, while USDT has not. This means that continuing to use USDT on our platform would be in violation of the new regulation.

We understand that this may be inconvenient for some users, so we want to assure you that all orders placed before September 1, 2024, will be successfully fulfilled. Our commitments to our clients will be fully honored. However, after the transition period ends, the ability to place orders in USDT will be disabled.

We believe that the transition to USDC will ensure greater reliability and security for our users in light of the new regulatory requirements. The Bilenex team is committed to adhering to all current standards and creating the most comfortable conditions for working with cryptocurrencies on our platform.

Thank you for your understanding and trust. We will keep you informed of any further changes and updates.

Best regards,

The Bilenex Team