cryptofamily

💰❌USDT Ban in the EU.

European crypto exchanges must remove the USDT stablecoin by the end of December.

The reason is non-compliance with the MiCA regulation rules. According to these rules, issuers are required to keep 30-60% of their funds in European banks.

The USDC stablecoin complies with this rule 💰

The ban does not apply to other countries; in the Russian Federation, you can trade in USDT.

Many analysts believe that EC residents will start transferring funds from USDT to USDC and buying crypto, which, of course, can cause its growth.

Tether is also planning to enter the European market, but under other brands.

Tether, together with Quantoz Payments, will issue the EURQ and USDQ stablecoins.

There is no reason to panic. We calmly continue to trade in USDT, and keep part of our funds in USDC. We are adapting to market realities.

It's interesting. Thank you for the new information 🙂

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Thanks for the clarification! The crypto market is going through a difficult time. Many restrictions and prohibitions ☹️ 500 $degen