Crypto exchange giant Binance outlined a Thursday consultation with the European Banking Authority regarding stablecoin-specific regulations in the European Union's Markets in Crypto Assets (MiCA) legislation. 

Binance said that some of the conversation centered on whether stablecoin operators can get a grace period when applying for Electric Money Institution (EMI) licenses in compliance with MiCA, which requires stablecoin issuers obtain an EMI license in the EU or else have their asset delisted from EU exchanges. 

"Currently, none of them do," Binance wrote in a Thursday statement. "While we are confident that there will be a constructive solution in place before the mid-2024 deadline, if left as is, this could have an impact on the European crypto market and the …