Deep Tide TechFlow news, on December 27, according to Cointelegraph, despite the upcoming implementation of the European Union's cryptocurrency regulation (MiCA), there remains significant uncertainty regarding the compliance of Tether's USDT stablecoin. Previously, it was reported that Coinbase delisted USDT in mid-December, stating it did not meet MiCA requirements; however, many exchanges are still trading USDT, awaiting further clarification from regulators.
MiCA crypto alliance member Juan Ignacio Ibañez stated that although no regulatory agency has explicitly indicated that USDT is non-compliant, this does not mean it is compliant. He believes that Coinbase's delisting decision may be motivated by a desire to avoid compliance risks.
MiCA will be fully implemented on December 30, 2024, followed by an 18-month transition period. According to the European Securities and Markets Authority (ESMA), the transition period for MiCA will allow entities that have been providing crypto asset services before December 30, 2024, to continue operating until July 1, 2026.