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Crypto News: EU’s MiCA Regulation Leads to Tether Delisting – Here’s What Traders Need to Know
The European Union (EU) has recently passed the Markets in Crypto-Assets Regulation (MiCA), which aims to bring clarity and regulatory oversight to the cryptocurrency industry within the region. However, a notable consequence of this development is the impending delisting of Tether (USDT) on MiCA-compliant exchanges.
As per an analyst’s explanation, crypto investors in the EU can still hold USDT on non-custodial wallets and trade them on Decentralized Exchanges (DEXs). It’s crucial to understand that this restriction applies specifically to trading USDT on MiCA-compliant exchanges.
In essence, while investors are not barred from holding Tether, they will no longer be able to do so in a custodial manner through regulated exchanges.
For traders operating within the EU, it is essential to adapt to these changes and re-strategize their investment approach to accommodate this development.
Source: www.crypto-news-flash.com
