The European Union's recent directive mandates the delisting of Tether (USDT) from exchanges by December 30, 2024, unless Tether complies with the Markets in Crypto-Assets (MiCA) regulations.
This move aims to enhance regulatory oversight but has raised concerns about potential disruptions in market liquidity and stability within the EU.
In parallel, the cryptocurrency market has experienced significant volatility, with Bitcoin's price falling more than 10% from its recent record high.
This decline is attributed to various factors, including macroeconomic trends and investor sentiment, and is not directly related to the EU's actions concerning Tether.
As the situation evolves, it's crucial for investors to stay informed and exercise caution in the dynamic crypto landscape.
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