Only 2 days left, most exchanges in Europe will stop listing USDT (Tether) as this stablecoin does not meet the requirements of the MiCA regulation. However, this decision does not affect other regions.
The MiCA (Markets in Crypto-Assets) regulation was passed by the European Parliament in April 2023 and will come into effect from July 2024. According to the rules, companies have a period of 6 to 18 months to comply with legal standards. Nevertheless, Tether has previously stated that they do not intend to adjust their operations to comply with this law. Therefore, many exchanges in Europe have decided to delist USDT.$BTC