Hey crypto enthusiasts! 🌟

🔹 Europe is gearing up for MiCA, the first comprehensive regulatory framework for crypto assets, which will come into effect on December 30.

🔹 MiCA requires stablecoin issuers to hold at least 60% of their reserves in European banks. This could introduce systemic risks, according to Paolo Ardoino, CEO of Tether.

🔹 However, Ardoino suggests that issuers can protect themselves by purchasing securities such as government bonds.

What do you think about these new regulations? Leave us your comment! 💬