EU crypto asset law is about to take full effect! 🎉 In order to comply with the Markets in Crypto Assets Regulation (MiCA), many exchanges in the EU have begun to delist the stablecoin USDT. Tether's main competitor Circle obtained the relevant license in July, while Tether has not yet obtained it, but it may still try to obtain it in the future.

The new regulations are designed to allow regulators to better understand the flow of cryptocurrencies and prevent criminal activities such as money laundering. Blockchain forensics experts point out that USDT is often used for such crimes. Although the market is turbulent, Bitcoin is still the star of the crypto world, and the future is promising! 🚀