New cryptocurrency regulations in the EU are forcing platforms to delist USDT, the most popular stablecoin. This is because USDT does not yet meet the new requirements.
* Impact:
* Decreased liquidity in the cryptocurrency market within the EU.
* Increased use of the euro for crypto transactions.
* New stablecoin issuers try to take the place of USDT.
* Reasons:
* The regulations seek to increase transparency and prevent illicit activities.
* USDT has been linked to money laundering activities.
* Concerns:
* The regulation could be too restrictive and drive away investors from the EU.
* Lack of liquidity could negatively affect the market.
* Next steps:
* Tether could apply for a license, but has not done so yet.
* Other stablecoins such as USDC already meet the requirements.
In short, the new regulations are creating a huge change in the EU cryptocurrency market, with USDT being the main one affected. While the goal is to increase security and transparency, there are concerns about the potential negative impact on liquidity and market attractiveness for investors.
$USDC $BTC #noticias