Tether's CEO Concerned About Some MiCA Requirements for Stablecoins
🤷 Tether's CEO, Paolo Ardoino, has expressed concern regarding the regulatory rules proposed by MiCA in the EU.
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👀 In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.🧐
On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.