CoinVoice has recently learned that, according to Bloomberg, the EU's crypto assets law is set to come into full effect by the end of the year. To comply with the Markets in Crypto-Assets Regulation (MiCA), several cryptocurrency exchanges within the EU have delisted the mainstream stablecoin Tether's USDT. Tether's main competitor Circle obtained such a license in July.
However, Tether has not obtained such a license but has not ruled out the possibility of attempting to acquire one in the future. In the absence of a license for Tether, regulated exchanges must delist the token by December 30. The new EU regulations aim to give regulators deeper insight into the movement of cryptocurrencies and help prevent criminal activities such as money laundering. Blockchain forensic experts state that USDT is often used in such crimes. [Original link]