๐จ MiCA REGULATION IS HERE! HUGE IMPACT FOR USDT & EU CRYPTO INDUSTRY! ๐จ
Tether and other stablecoins are now under threat! ๐ฑ MiCA, the new EU regulation, is changing the entire crypto game in the region. Hereโs how it will affect us:
๐ฅ Tether is being delisted from EU exchanges! ๐ฅ Stablecoin issuers are required to hold 60% of their reserves in low-risk banks for big players, and 30% for smaller ones.
๐ Why does this matter? The new regulatory burden could push many crypto companies OUT of the EU! ๐ธ Small and large companies will be forced to bear huge compliance costs and extra investments.
๐ฅ Will MiCA make the EU less attractive to crypto? Or will it create a safer and more structured market?
Who will survive? ๐ค Drop your thoughts! โฌ๏ธ