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Why USDT won't be a black swan due to MICA regulation?
1 The EU is a considerable market yes, but it is not even the 2nd largest it would be the 3rd if anything and not all of that is USDT.
2 MiCA is poorly written and it is clear that those who designed it do not understand blockchain well, nor DEXs like Uniswap or CEXs like binance (what is the point of banning USDT if from the same chair where you exchange it you access the rest of the world through DeFi it is obviously easy to bypass that ban) they do not end up accepting that you can no longer have a monopoly on financial services it is no longer possible to deny an account to someone a mobile phone is required and that's it
3 Even if you register one or another wallet because of the travel law you only have to create another 100 wallets and you are ready to use centralized and decentralized exchanges...
4 Europe is not and will not be the capital of information technology not for many years its regulations are made by old people with all due respect they do not master current technology and the one that comes is even more dizzying according to that they want to regulate something that they do not master and it mutates in a matter of months (their regulations take many years to be created and a month to come into force They accumulate a list of cases that were clearly not foreseen, making a mockery of that very expensive MiCa regulation that is clearly paid for by the European user)
5. Can we continue using exchanges in Europe only for the purpose of "protection" what are we going to demand in exchange for privacy? It remains to be seen who will pay the costs of this, if it is the user, for this reason alone, Europe will be even less competitive in this sector
Summary There will be volatility on December 30th but not a catastrophic collapse
Imagine someone getting into debt in USDT to buy some crypto today... if on December 30th USDT loses parity and you immediately pay the debt earning what it depreciated and if it doesn't lose parity then nothing happens you just pay the interest for a few days
Any well-founded opinion?
1 The EU is a considerable market yes, but it is not even the 2nd largest it would be the 3rd if anything and not all of that is USDT.
2 MiCA is poorly written and it is clear that those who designed it do not understand blockchain well, nor DEXs like Uniswap or CEXs like binance (what is the point of banning USDT if from the same chair where you exchange it you access the rest of the world through DeFi it is obviously easy to bypass that ban) they do not end up accepting that you can no longer have a monopoly on financial services it is no longer possible to deny an account to someone a mobile phone is required and that's it
3 Even if you register one or another wallet because of the travel law you only have to create another 100 wallets and you are ready to use centralized and decentralized exchanges...
4 Europe is not and will not be the capital of information technology not for many years its regulations are made by old people with all due respect they do not master current technology and the one that comes is even more dizzying according to that they want to regulate something that they do not master and it mutates in a matter of months (their regulations take many years to be created and a month to come into force They accumulate a list of cases that were clearly not foreseen, making a mockery of that very expensive MiCa regulation that is clearly paid for by the European user)
5. Can we continue using exchanges in Europe only for the purpose of "protection" what are we going to demand in exchange for privacy? It remains to be seen who will pay the costs of this, if it is the user, for this reason alone, Europe will be even less competitive in this sector
Summary There will be volatility on December 30th but not a catastrophic collapse
Imagine someone getting into debt in USDT to buy some crypto today... if on December 30th USDT loses parity and you immediately pay the debt earning what it depreciated and if it doesn't lose parity then nothing happens you just pay the interest for a few days
Any well-founded opinion?
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the impact of MiCa on USDT must be limited, Europe is by far the 3rd market after America and Asia
The Truth About the EU’s USDT “Ban”
The idea that USDT will be “100% banned” in the EU has been widely circulated, but the reality is more complex and based on MiCA regulations. I will explain why this is being said and what is really behind it.
Starting December 30, 2024, the European Union will fully implement the Markets in Crypto-Assets (MiCA) regulation, establishing a comprehensive regulatory framework for crypto. One of the most significant implications of this regulation is that it will require stablecoin issuers, such as Tether (USDT), to obtain specific licenses and meet strict transparency, liquidity, and consumer protection requirements in order to operate within the European bloc.
Starting December 30, 2024, the European Union will fully implement the Markets in Crypto-Assets (MiCA) regulation, establishing a comprehensive regulatory framework for crypto. One of the most significant implications of this regulation is that it will require stablecoin issuers, such as Tether (USDT), to obtain specific licenses and meet strict transparency, liquidity, and consumer protection requirements in order to operate within the European bloc.
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if it's a good amount, save it for life, it's in itself a retirement plan if you consider the compound interest effect and future valuation, I'm going to freeze about 1000
🤔Guys, I have a question: I bought $XRP at $0.40, and it’s already hitting $2.80! 🚀 I’m holding it for the next 3 months, aiming for $8-$10. But, is this target too ambitious, or can XRP really keep this momentum? How high do you think it could go in the next 6-12 months? Drop your thoughts, I’m curious to see what everyone thinks!
This version starts with your request, grabs attention, and invites engagement from others with a sense of curiosity.
#XRPPredictions #XRPBullRun #crypto #WeAreAllSatoshi
This version starts with your request, grabs attention, and invites engagement from others with a sense of curiosity.
#XRPPredictions #XRPBullRun #crypto #WeAreAllSatoshi
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BTC price could drop briefly on September 18 with the announced price cut of at least 25 percentage points#BecomeCreator $BTC