Damn it! šØ EU tightens stablecoin regulationāare Tether and USDS being pushed out of the market?
This time, whatās under scrutiny is the stablecoin you might be using in your account!
According to reports, the EU market regulator has required crypto firms to completely exit Tether- and USDS-related business by January 8. The specific scope and implementation timeline still need to be checked against the official notice.
The key points to watchš
ā Stablecoins without MiCA approval will be restricted.
ā Purchases of the relevant coins by customers have been restricted.
ā Platforms involved include Coinbase, Bybit, Kraken, and OKXāthe exact arrangements will follow each platformās announcement.
Donāt interpret āpurchase restrictionsā directly as āunable to withdrawā! If you hold the coins, first confirm your accountās region and the platform rules.#USDT $BTC
This time, whatās under scrutiny is the stablecoin you might be using in your account!
According to reports, the EU market regulator has required crypto firms to completely exit Tether- and USDS-related business by January 8. The specific scope and implementation timeline still need to be checked against the official notice.
The key points to watchš
ā Stablecoins without MiCA approval will be restricted.
ā Purchases of the relevant coins by customers have been restricted.
ā Platforms involved include Coinbase, Bybit, Kraken, and OKXāthe exact arrangements will follow each platformās announcement.
Donāt interpret āpurchase restrictionsā directly as āunable to withdrawā! If you hold the coins, first confirm your accountās region and the platform rules.#USDT $BTC