European cryptocurrency exchanges are required to delist Tether (USDT) by December 30, 2024, unless it complies with MiCA standards. This deadline is part of the full implementation of MiCA regulations, which
aim to establish uniform EU market rules for crypto-assets.
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Full impact of this decision is yet to be felt.
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This provides some possible bearish PA narratives in immediate short term.
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Meanwhile tether is said to be working on a MiCA complaint stablecoin for EU, giving hope in the medium and long term.
Also there exist other stablecoin alternatives which are MiCA complaint.
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Inference for traders : With deadline approaching in three days - Try to avoid high leverage and excessive exposure into higher risk positions.