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EU’s Restrictive Stablecoin Rules Take Effect on June 30, Issuers Are Running Out of Time

June 27, 2024
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“Tether has engaged extensively with its alternate counterparties in Europe relating to the necessities, together with these pertaining to the continued itemizing of USDT and different Tether tokens, and the interpretation of key regulatory provision,” mentioned Paolo Ardoino, Tether’s CEO, in an announcement. “Whereas Tether is optimistic about MiCA’s implementation, it stays essential that stablecoin regulatory insurance policies enacted are balanced, defend shoppers, and nurture development in our rising business.”



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Tags: effectEUsIssuersJuneRestrictiveRulesRunningStablecointime
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