let the game begin #BTC #btc70k what do you think about this cycle? are you scared and will sell, or are you brave and will look for more capital to buy more?
The MiCA regulation (Markets in Crypto-Assets) of the European Union is bringing significant changes to the use of stablecoins like USDT.
the you
--
$ Is it true that they are removing USDT from Binance today? Please, can someone confirm for me. And what other stable coin 🪙 can I transfer the assets to?
If I have my account open in Latin America and reside here in Europe, does this law affect me? MiCA
MemeHolding
--
⚠️ You all know that none of them comply with European regulations and you need to transfer them to $USDC because if not, you will lose them. I'm saying this because maybe some of you have something at #Tether 🔺 $BTC
The MiCA regulation (Markets in Crypto-Assets) of the European Union is generating significant changes in the use of stablecoins like USDT. Here I summarize the key points about when USDT will stop being used in Europe: * Deadline: * March 31, 2025 is the deadline for regulated exchanges within the European Union to stop operating with USDT. This is because USDT does not meet the requirements of the MiCA law. * Reason for exclusion: * The MiCA law requires transparency in reserves and audits of stablecoins. USDT currently does not meet these requirements. * The MiCA law seeks financial stability, transparency, and utility in the European market. * Implications for users: * USDT users in Europe will need to consider alternatives like USDC, which complies with the MiCA regulation. * Users will be able to exchange their USDT for other stablecoins or euros before the deadline. * What will happen to USDT outside of Europe? * This regulation only affects regulated exchanges within the European Union. USDT can continue to be used outside the EU. In summary, the MiCA law is driving a shift towards more regulated and transparent stablecoins in Europe, which will result in the exclusion of USDT from regulated European exchanges starting March 31, 2025.
I have a question, I have a doubt. I have my Binance account open in Venezuela and I am currently in Spain. I have read about a law #MiCA that will be applied in Europe where #usdt will be eliminated or something similar starting today in the European environment. Does anyone know if this law affects me or not? And what should I do with my USDT?
I have a question, I have a doubt. I have my Binance account open in Venezuela and I am currently in Spain. I have read about a law #MiCA that will be applied in Europe where #usdt will be eliminated or something similar starting today in the European environment. Does anyone know if this law affects me or not? And what should I do with my USDT?