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Crypto News: EU’s MiCA Law Leads to Tether Delisting – Here’s What Traders Need to Know
A recent development in the European Union (EU) has sent shockwaves through the cryptocurrency market, as traders and investors are now facing an uncertain future for their USDT holdings. In response to the EU’s Markets in Crypto-Assets Regulation (MiCA), some exchanges have taken the drastic step of delisting Tether (USDT), leaving many wondering what this means for their investment portfolios.
In a shocking move, it has been revealed that certain MiCA-compliant exchanges are restricting the trading and holding of USDT due to regulatory concerns. This decision has sent panic among traders as they struggle to make sense of the sudden change in policy.
But fear not, dear readers! Axel Bitblaze, a prominent analyst, has stepped forward to provide clarity on this pressing issue. According to his insights, EU-based crypto investors can still hold USDT on non-custodial wallets and engage in decentralized trading using Decentralized Exchanges (DEXs).
In essence, this implies that traders can maintain their existing investment portfolio while avoiding the restrictions imposed by MiCA-compliant exchanges. This development is crucial for those who have invested heavily in Tether or rely on it as a stablecoin.
It’s essential to note that these new developments do not affect USDT trading on non-custodial platforms, allowing users to preserve their assets and continue engaging with the cryptocurrency market. As always, we recommend exercising caution when navigating this ever-changing landscape.
So, what does this mean for traders?
Source: www.crypto-news-flash.com
