USDT Banned in Europe Starting December 30: What to Expect on Crypto Exchanges?
The European Union is set to take a major step in crypto regulation with the imminent entry into force of the MiCA (Markets in Crypto-Assets) rules. This initiative, hailed by some as a step towards greater transparency and an increased fight against financial abuse, has however triggered serious concerns among industry players. Indeed, the regulation requires the withdrawal of USDT, the most widely used stablecoin in the world, from regulated platforms within the EU. Such a decision could upset the balance of European markets and call into question their attractiveness on the global stage.
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