MICA’S IMPACT: EU TIGHTENS ITS GRIP ON CRYPTO

Europe’s MiCA regulations just hit the scene, and Tether’s USDT is feeling the heat—still no compliance nod.

Smaller crypto players might bail, citing 60% EU banking reserve requirements for big dogs like Tether.

Regulations like this? A lifeline for Switzerland and the UK, but a headache for exchanges playing by EU rules.

Source: The Block$BTC