幼师小阿姨

No other specialties, but the best at coaxing people as a kindergarten teacher.

In 2025, the decline of the domestic market will accelerate the prosperity of the cryptocurrency circle... Compared to the US stock market and the cryptocurrency circle, the cryptocurrency circle is easier to operate.
Especially after the collapse of the real estate market and the stock market losing faith... The inflow and outflow of funds is more complicated than before, but as long as money can be made, a lot of funds will still find a way to come in.

#欧盟下架USDT稳定币不稳

USDT trading services have been suspended since yesterday, and USDT has been delisted by the European Union. Is the stablecoin still stable, and will it be usable in the future?
The European Union officially announced that starting yesterday, all cryptocurrency trading platforms operating within the EU will stop providing USDT trading services. Major exchanges like Coinbase and OKX have already taken action to delist USDT from the European region.

In order to better manage the liquidity of cryptocurrencies and prevent money laundering criminal activities, the EU passed the 'Regulation on Markets in Crypto-assets' (MiCA) proposal on June 30, 2023, requiring crypto asset service providers to obtain authorization in order to provide services in the EU, including but not limited to cryptocurrency trading platforms, crypto asset wallet providers, crypto asset issuance and underwriting service providers, and crypto asset management service providers.

Now that EU exchanges have comprehensively delisted USDT, the issuer of its main competitor, the stablecoin USDC, Circle, has already obtained a license in the industry this year, which means that USDC will gain more market share in the stablecoin sector. Under the requirements of the MiCA legislation, applicants must meet certain conditions. For example, they must have a certain amount of capital, establish an internal policy that complies with MiCA requirements, and conduct internal controls, risk assessments, confidentiality, and fund protection.

They must also formulate policies to combat money laundering and terrorist financing. Applicants need to set up a physical office within the EU and have at least one director who is a resident of the EU. Applicants are also required to provide detailed disclosure information to investors and regulatory agencies, including business models, risk factors, financial conditions, and other information that may affect investors' decisions.

In addition, they must comply with regulatory requirements related to crypto asset services. Both USDC and USDT are stablecoins pegged to the US dollar, and USDC enjoys a high reputation for compliance and transparency within the industry. Although Tether claims that USDT is also backed by corresponding US dollar reserves, the company has been questioned repeatedly in the past for failing to provide sufficient audit reports.

This time, they did not obtain a license, resulting in a significant loss in the European and American markets. Tether has not yet responded to plans for obtaining electronic money licenses.