🤐🤐🤐

The European Union is planning to ban the use of the USDT stablecoin (#Tether ) on its territory due to new regulatory requirements set by the Markets in Crypto-Assets Regulation (#MiCA ). This regulation requires stablecoin issuers to have an electronic money license and adhere to strict transparency and reserve standards. Since Tether currently does not meet these requirements, cryptocurrency exchanges in the EU must remove #USDT from their platforms by December 30, 2024.