#MICA vs #Tether . There was a lot of discussion about #USDT this week due to the new rules in Europe. We are at the beginning of a new era in which some concepts need to be revised. Europe is called the old continent. Being old is good for history and experience, an older person is most of the time wise and understands when it is time to have a new approach. The problem with European leaders is that they want to control something they do not understand using the same mechanisms that the old banking system used. The new government in the US, unlike European rulers, is in favor of the new blockchain technology and is going to focus on legislation on cryptocurrencies with people from the sector, that is, experts who know what they are doing. In addition, the American government is interested in having its debts bought, which is what Tether is doing. I think that in this competition Europe will be hurt. 2025 will be an interesting year because of AI Blockchain and quantum computing. Europe is behind and already wants to regulate something that it does not yet understand. As I said, I think Europe is missing an opportunity. I agree with the need to regulate, but we must use instruments that are appropriate to the times and technology, and not the same ones as always, with the aim of helping a system that is getting older and does not want to change: the European banking system.
