USDT Ban in Europe: Story, Implications, and Tips for Traders
#BTCOutlook
European authorities have announced the entry into force of the MiCA (Markets in Crypto-Assets) regulations, which aim to regulate the trading of crypto assets on the continent. These regulations require that stablecoins in circulation be issued by companies licensed as electronic money providers.
Due to Tether (USDT) not complying with these requirements, several cryptocurrency exchanges have decided to ban trading with this currency within Europe as of December 30, 2024. The decision has sparked widespread controversy, as USDT is considered one of the most widely used stablecoins in the world.
