Tether's CEO Concerned About Some MiCA Requirements for Stablecoins
đ€· Tether's CEO, Paolo Ardoino, has expressed concern regarding the regulatory rules proposed by MiCA in the EU.
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đ In his view, some of these requirements raise doubts and could significantly complicate the operations of issuers.
He also added that such requirements could make EU-licensed stablecoins extremely vulnerable and more operationally risky.đ§
On Monday, Binance announced that starting from June 30, it will restrict access to unauthorized stablecoins for users in the European Economic Area.