#BitwiseBitcoinETF

As of December 28, 2024, Tether (USDT) faces possible delisting from European cryptocurrency exchanges due to non-compliance with the European Union’s Markets in Crypto-Assets Regulation (MiCA). The deadline for compliance is December 30, 2024.

MiCA aims to standardize and regulate cryptocurrency operations within the European Union, requiring stablecoin issuers to obtain regulatory approval in at least one EU member state. Tether has reportedly failed to meet these requirements, raising concerns about liquidity and increased transaction costs on European exchanges.