From 2025, new rules for stablecoins will come into force in Europe as part of the MiCA regulatory package. This means that USDT, as an unlicensed issuer in the EU, will be excluded from cryptocurrency exchanges and platforms operating in the European market. Therefore, it is important to take several steps:
1. Exchange USDT for other stablecoins: Consider switching to licensed stablecoins, such as USDC, which comply with the new regulatory requirements.
2. Withdrawal to personal wallets: For those who prefer to continue holding USDT, consider the option of withdrawing funds to personal wallets outside of cryptocurrency exchanges operating in Europe.
3. Check exchange notifications: Familiarize yourself with the policies of the cryptocurrency exchanges you use regarding changes in support for USDT and other crypto assets to avoid surprises.
4. Stay informed about the news: Keep an eye on new statements and updates from cryptocurrency exchanges and regulators to avoid missing important information about the status of USDT in Europe.
These are important steps to prepare for the upcoming changes in legislation and avoid potential inconveniences.