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There are reports that the European Union has asked cryptocurrency exchanges in the region to delist Tether (USDT) from their platforms. This request is due to USDT not meeting certain European regulatory requirements, such as maintaining sufficient reserves of the currency in an independent, European-regulated bank.

If crypto exchanges do not comply with these requirements by December 30, 2024, they may be asked to delist USDT from trading in Europe. This could impact traders in the region, who may be forced to use other stablecoins or head to platforms outside the EU.