Answers to questions about the EU ban on USDT

First of all, everyone needs to know the real purpose of USDT. It is not a legal currency, but more for illegal paths.

All cryptocurrency trading platforms operating in the EU will stop providing trading services for USDT stablecoins issued by Tether. This is because the EU's "Market Regulation of Crypto Assets" (MiCA) rules require that stablecoin issuers must obtain an electronic money license in EU member states, and Tether has not obtained this license.

The EU ban is also normal, and the main reason is that they do not want to become a convenient channel for the Americans to harvest. I have told you before that there is such a ban risk, similar to the news that the world's largest data recovery portal and T.com banned Ethereum and USDT payments two months ago, including restrictions on Ethereum and USDT. Unboxing websites still prompt that there will be risky payment currencies. There are still such risk warnings now, so this is one of the reasons why I think this market can be played for up to 27 years.

But now the EU has openly announced that it will ban USDT. Even if it is going to fall, it is unlikely to do so at this time. It is more likely to pull up first, and then start a real big waterfall after Ethereum breaks through 3700/Bitcoin breaks through 100,000.

If it falls directly now, isn’t it obvious that it is giving money to retail investors? If USDT is not stable, what is there to play with?

So there is no problem with the trend being bearish, but the band needs to be long first and then short. Those who hold high trend short orders can wait patiently...

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