Snitokok
@snitok
Tether CEO Paolo Ardoino criticized the EU's MiCA regulation, saying it introduces systemic risks rather than enhancing safety 👀 MiCA, effective from June 30, imposes strict rules on stablecoin reserves, requiring 60% to be held in EU banks. Ardoino argues that this creates risks due to partial reserve banking and inadequate insurance limits for large stablecoin issuers.
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