BitnewsToday on Nostr: Is Tether's USDT disappearing from Europe? There's turmoil in the crypto space. ...
Is Tether's USDT disappearing from Europe?
There's turmoil in the crypto space. Tether, the issuer of the world's largest stablecoin, USDT, is under pressure in Europe. The reason: the recently enacted MiCA regulation by the European Union. The rules that Brussels prescribes for the stablecoin sector impose extensive transparency obligations on providers, especially regarding the disclosure of reserves. Obligations that apparently diminish Tether's licensing efforts. In the end, USDT could even disappear entirely from the EU, experts believe,
#crypto #bitnewstoday #invest #trading
Published at
2024-07-05 03:06:32Event JSON
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"content": "Is Tether's USDT disappearing from Europe?\nhttps://m.primal.net/JIUC.webp \n\nThere's turmoil in the crypto space. Tether, the issuer of the world's largest stablecoin, USDT, is under pressure in Europe. The reason: the recently enacted MiCA regulation by the European Union. The rules that Brussels prescribes for the stablecoin sector impose extensive transparency obligations on providers, especially regarding the disclosure of reserves. Obligations that apparently diminish Tether's licensing efforts. In the end, USDT could even disappear entirely from the EU, experts believe,\n\n#crypto #bitnewstoday #invest #trading",
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