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 Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations? Cointelegraph 10 Oct 2024

Is Tether’s USDT stablecoin ‘noncompliant’ with EU’s MiCA regulations? 🇪🇺

The article discusses the European Securities and Markets Authority's (ESMA) response to questions about Tether's USDT stablecoin compliance with the European Union's Markets in Crypto-Assets (MiCA) regulations. While the ESMA did not explicitly confirm whether USDT is noncompliant with these regulations, it highlighted that the authority is actively working on solutions to address existing framework issues.

This indicates ongoing regulatory considerations and the possibility of changes or adjustments needed for stablecoins like USDT to align with the increasingly structured legal environment in the European Union. These developments could have significant implications for stablecoin issuers and the broader cryptocurrency market within the EU.

Source: cointelegraph.com ↗