Binance: MiCA Shifts 70% Funds to Self-Custody
Binance CEO Richard Teng states 70% of MiCA outflows moved to self-hosted wallets, amplifying AML risks while Binance stablecoin reserves hit $53B.
SourceAnalysis
Binance CEO Richard Teng disclosed that MiCA regulation triggered 70% of withdrawn funds into self-hosted wallets versus 30% to regulated platforms, with Teng warning that self-custody amplifies risks due to absent AML and KYC controls. The move reflects broader self-custody trends in crypto amid regulatory tightening, while Binance maintains $53B in stablecoin reserves that outpace competitors by $42B and support 24/7 global settlement volumes nearing Visa levels. Stablecoin activity now drives MiCA regulation impact on exchanges, self-hosted wallet risks, and Binance stablecoin reserves growth as users prioritize yield over speculation.
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