Odaily Planet Daily News: The EU's crypto-asset law will take full effect at the end of the year. In order to comply with the Crypto-Asset Market Regulation (MiCA), many cryptocurrency exchanges in the EU have removed the mainstream stablecoin Tether's USDT. Tether's main competitor Circle obtained such a license in July. However, Tether has not yet obtained such a license, but has not ruled out the possibility of trying to obtain it in the future. In the absence of Tether's license, regulated exchanges must remove the token by December 30. The new EU regulations are designed to give regulators a deeper understanding of cryptocurrency flows and help prevent crimes such as money laundering. Blockchain forensics experts say USDT is often used for such crimes. (Bloomberg)