Tether CEO Paolo Ardoino: "EU MiCA Rules Create 'Systemic' Risks That Could Threaten the Stability of the Entire Crypto Space"

The Markets in Cryptoassets Regulation (MiCA) will be the first comprehensive regulatory framework for the crypto industry and will come into full force on December 30. Under MiCA, stablecoin issuers will be required to hold at least 60% of their reserve assets in European banks. #MiCARegulation