Starting next month, some major digital currencies, including Tether, will be banned from the European crypto market under new EU regulations. This development could significantly disrupt trading on European crypto exchanges
The new EU regulation, known as MiCA, sets strict capital and transparency requirements for stablecoins. USDT, which accounts for 70% of the $160 billion market value, does not meet these requirements and will therefore have to leave the European market . Several trading platforms have already halted trading in USDT, and others, such as Kraken, are considering doing the same.
Adamsmithstwit
npub1w3u…8kqt
2024-06-12 00:21:33
Author Public Key
npub1w3uadgq5r0t6mgwt0wtr9vkmwuhpwdy6lf0k430rkhplku4s6y8skh8kqtPublished at
2024-06-12 00:21:33Event JSON
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"content": "Starting next month, some major digital currencies, including Tether, will be banned from the European crypto market under new EU regulations. This development could significantly disrupt trading on European crypto exchanges\n\nThe new EU regulation, known as MiCA, sets strict capital and transparency requirements for stablecoins. USDT, which accounts for 70% of the $160 billion market value, does not meet these requirements and will therefore have to leave the European market . Several trading platforms have already halted trading in USDT, and others, such as Kraken, are considering doing the same.",
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