MiCA
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#USDT #USDC #MiCA
Hey there!
I would like to clear the misconception here, going on on Square about USDT.
USDT will not be gone after the 30th of December, you can keep owning it if you have it in your wallets, IT IS NOT ILLEGAL, but keep on reading, since you obviously didn't so far during this past year...
MiCA regulation came out in January 2024. This framework points out for stablecoin issuers what they have to do to be accepted for usage in the European Union. This is important, because there are countries who are in Europe but not part of the EU zone.
Issuers had up until June of 2024 to prove to the EU zone Central Bank that they are worthy of using. Only one issuer dared to clear themselves for EU zone regulations and it was Circle and their USDC.
This is the reason why, since July of 2024 people from the EU zone are not allowed to buy USDT, put it in their Earn wallet or make any financial movement on Binance. Every USDT trading pair is hidden for people from the EU zone, except for probably the USDC/USDT pair.
If you already owned USDT from before and it is in your Spot wallet, you can keep it there it will not vanish or do something magic thing.
You can trade your USDT once more to exchange it but you will not be able to buy USDT anymore, since July of 2024.
If you had USDT in your Earn wallet, either locked or flexible, it will not vanish or do something magic trick, but instead of providing USDT as a reward, you get BNB instead.
To summarize:
- People from the EU zone are not allowed to buy or trade USDT, Binance even filter all USDT trading pairs.
- Your older USDT holdings will not magically disappear after December of 2024, it was already done in July of 2024.
- You can keep owning USDT but are unable to buy any more of it
- You can keep your old USDT locks in your Earn wallet, but unable to lock more and instead of USDT rewards, you get BNB as a reward.
---------------------------------------------------------
I hope this helps some of you out and gets to as many people as possible.
Take care and always DYOR and never FOMO!
Hey there!
I would like to clear the misconception here, going on on Square about USDT.
USDT will not be gone after the 30th of December, you can keep owning it if you have it in your wallets, IT IS NOT ILLEGAL, but keep on reading, since you obviously didn't so far during this past year...
MiCA regulation came out in January 2024. This framework points out for stablecoin issuers what they have to do to be accepted for usage in the European Union. This is important, because there are countries who are in Europe but not part of the EU zone.
Issuers had up until June of 2024 to prove to the EU zone Central Bank that they are worthy of using. Only one issuer dared to clear themselves for EU zone regulations and it was Circle and their USDC.
This is the reason why, since July of 2024 people from the EU zone are not allowed to buy USDT, put it in their Earn wallet or make any financial movement on Binance. Every USDT trading pair is hidden for people from the EU zone, except for probably the USDC/USDT pair.
If you already owned USDT from before and it is in your Spot wallet, you can keep it there it will not vanish or do something magic thing.
You can trade your USDT once more to exchange it but you will not be able to buy USDT anymore, since July of 2024.
If you had USDT in your Earn wallet, either locked or flexible, it will not vanish or do something magic trick, but instead of providing USDT as a reward, you get BNB instead.
To summarize:
- People from the EU zone are not allowed to buy or trade USDT, Binance even filter all USDT trading pairs.
- Your older USDT holdings will not magically disappear after December of 2024, it was already done in July of 2024.
- You can keep owning USDT but are unable to buy any more of it
- You can keep your old USDT locks in your Earn wallet, but unable to lock more and instead of USDT rewards, you get BNB as a reward.
---------------------------------------------------------
I hope this helps some of you out and gets to as many people as possible.
Take care and always DYOR and never FOMO!
Feed-Creator-a05aef13d:
I am from Europe I can use Usdt since July
See original
EU Imposes Strict Regulations: Exchanges Must Deliste Tether (USDT) by December 30, 2024
#tether (USDT), the largest stablecoin on the market, faces the possibility of being delisted from trading platforms in the European Union due to new regulations established by the Markets in Crypto-Assets Regulation (MiCA). These rules, set to come into effect on December 30, 2024, impose strict requirements on stablecoin issuers, including the need for specific licenses and maintenance of adequate reserves.
Key points of the #MiCA regulations:
Licensing: Stablecoin issuers must hold a valid electronic money license in the EU.
Reserves: It is mandatory to maintain sufficient financial reserves to guarantee the stability and convertibility of the issued stablecoins.
Transparency: Companies must provide regular and detailed reports on their reserves and operations.
Tether Holdings Ltd., the issuer of USDT, currently does not hold the required electronic money license under MiCA. In addition, the company has faced questions about the transparency and sufficiency of its financial reserves. Due to these non-compliances, cryptocurrency exchanges operating in the EU are being advised to delist USDT from their platforms by the end of 2024.
Potential impacts for investors and traders:
Liquidity: #USDT is widely used in cryptocurrency transactions. Its removal could reduce liquidity in European markets, making trading more difficult and increasing volatility.
Alternatives: Investors may be forced to migrate to other stablecoins that are MiCA-compliant, such as those backed by euros or issued by entities licensed in the EU.
#tether (USDT), the largest stablecoin on the market, faces the possibility of being delisted from trading platforms in the European Union due to new regulations established by the Markets in Crypto-Assets Regulation (MiCA). These rules, set to come into effect on December 30, 2024, impose strict requirements on stablecoin issuers, including the need for specific licenses and maintenance of adequate reserves.
Key points of the #MiCA regulations:
Licensing: Stablecoin issuers must hold a valid electronic money license in the EU.
Reserves: It is mandatory to maintain sufficient financial reserves to guarantee the stability and convertibility of the issued stablecoins.
Transparency: Companies must provide regular and detailed reports on their reserves and operations.
Tether Holdings Ltd., the issuer of USDT, currently does not hold the required electronic money license under MiCA. In addition, the company has faced questions about the transparency and sufficiency of its financial reserves. Due to these non-compliances, cryptocurrency exchanges operating in the EU are being advised to delist USDT from their platforms by the end of 2024.
Potential impacts for investors and traders:
Liquidity: #USDT is widely used in cryptocurrency transactions. Its removal could reduce liquidity in European markets, making trading more difficult and increasing volatility.
Alternatives: Investors may be forced to migrate to other stablecoins that are MiCA-compliant, such as those backed by euros or issued by entities licensed in the EU.
See original
USDT Ban in the EU
The European Union is planning to ban the use of the USDT stablecoin (#Tether ) on its territory due to new regulatory requirements set by the Markets in Crypto-Assets Regulation (#MiCA ). This regulation requires stablecoin issuers to have an electronic money license and adhere to strict transparency and reserve standards. Since Tether currently does not meet these requirements, cryptocurrency exchanges in the EU must remove #USDT from their platforms by December 30, 2024.
SergiyKletsko:
🤐🤐🤐
See original
Cryptocurrency Market Update as of December 23, 2024
Regulation and Guidelines:
Implementation of MiCA in Europe 🇪🇺: The Markets in Crypto-Assets Regulation (MiCA) will come into effect on December 30, 2024, establishing a regulatory framework for the issuance and related services of crypto-assets in the European Union. Pablo Urbiola, Head of Digital Regulation at BBVA, highlights that MiCA will enhance transparency and governance in the industry, eliminating projects without solid foundations and offering greater opportunities to regulated companies, such as financial entities.
BME Surveillance Service 🕵️♂️: Bolsas y Mercados Españoles (BME) has adapted its SICAM surveillance service to monitor potential market abuses in cryptocurrencies, aimed at digital asset providers and financial entities, in preparation for the MiCA regulation.
Market and Prices:
Bitcoin surpasses 100,000 dollars 🚀: Bitcoin has maintained its price above 100,000 dollars for the past week, reaching an all-time high of 108,000 dollars. Institutional demand has been key in this increase, with companies like MicroStrategy significantly increasing their Bitcoin holdings.
Recent correction in the market 📉: Recently, Bitcoin has experienced a correction, falling to 95,000 dollars, influenced by monetary policy decisions from the U.S. Federal Reserve.
Considerations for Investors:
Investors are advised to stay informed about current regulations and carefully assess the risks associated with investments in crypto-assets, given their volatile and speculative nature.
#BTC #Criptomonedas #MercadoCripto #MICA $BTC
Regulation and Guidelines:
Implementation of MiCA in Europe 🇪🇺: The Markets in Crypto-Assets Regulation (MiCA) will come into effect on December 30, 2024, establishing a regulatory framework for the issuance and related services of crypto-assets in the European Union. Pablo Urbiola, Head of Digital Regulation at BBVA, highlights that MiCA will enhance transparency and governance in the industry, eliminating projects without solid foundations and offering greater opportunities to regulated companies, such as financial entities.
BME Surveillance Service 🕵️♂️: Bolsas y Mercados Españoles (BME) has adapted its SICAM surveillance service to monitor potential market abuses in cryptocurrencies, aimed at digital asset providers and financial entities, in preparation for the MiCA regulation.
Market and Prices:
Bitcoin surpasses 100,000 dollars 🚀: Bitcoin has maintained its price above 100,000 dollars for the past week, reaching an all-time high of 108,000 dollars. Institutional demand has been key in this increase, with companies like MicroStrategy significantly increasing their Bitcoin holdings.
Recent correction in the market 📉: Recently, Bitcoin has experienced a correction, falling to 95,000 dollars, influenced by monetary policy decisions from the U.S. Federal Reserve.
Considerations for Investors:
Investors are advised to stay informed about current regulations and carefully assess the risks associated with investments in crypto-assets, given their volatile and speculative nature.
#BTC #Criptomonedas #MercadoCripto #MICA $BTC
Here’s the rewritten version with emojis:
---
### **Hey there! 👋**
Let’s clear up the misconception about **USDT** that’s been circulating. 🚨
### **🚫 Misconception:**
USDT **will not be gone** after December 30th! You can still own it in your wallets, and it’s **NOT ILLEGAL**. But keep reading for the facts you might’ve missed this past year... 📖
---
### **What You Need to Know About MiCA 🏛️**
- **📅 January 2024**: MiCA regulation came into effect. This framework outlines what stablecoin issuers must do to operate in the EU.
- **🌍 Europe ≠ EU**: Not all European countries are part of the EU zone. MiCA applies only to the EU.
- **⏳ Deadline**: Issuers had until **June 2024** to prove compliance to the EU Central Bank.
Only **Circle** (USDC issuer) complied with MiCA rules, making **#USDC** the only approved stablecoin for EU usage.
---
### **Why Can't You Use USDT in the EU? 🤔**
- **🛑 July 2024**: EU citizens were **blocked** from buying USDT, using it in Earn wallets, or making any financial movements on Binance.
- **🔍 Trading Pairs Hidden**: USDT trading pairs were removed for EU users, except for **USDC/USDT**.
- **📤 Existing USDT**: If you already held USDT before July, you can keep it in your Spot wallet or exchange it.
---
### **Key Points to Remember: 📝**
1. **No Buying or Trading**: EU users cannot **buy** or **trade** USDT anymore on Binance.
2. **Existing Holdings Are Safe**: Your old USDT **will not disappear** after December 2024.
3. **Spot Wallets**: You can keep holding USDT but cannot purchase more.
4. **Earn Wallet Changes**: If you had USDT in Earn wallets (locked or flexible), rewards are now paid in **BNB** instead of USDT.
---
#USDT #MiCA #BTCNextMove #USUALAnalysis #CorePCESignalsShift
---
### **Hey there! 👋**
Let’s clear up the misconception about **USDT** that’s been circulating. 🚨
### **🚫 Misconception:**
USDT **will not be gone** after December 30th! You can still own it in your wallets, and it’s **NOT ILLEGAL**. But keep reading for the facts you might’ve missed this past year... 📖
---
### **What You Need to Know About MiCA 🏛️**
- **📅 January 2024**: MiCA regulation came into effect. This framework outlines what stablecoin issuers must do to operate in the EU.
- **🌍 Europe ≠ EU**: Not all European countries are part of the EU zone. MiCA applies only to the EU.
- **⏳ Deadline**: Issuers had until **June 2024** to prove compliance to the EU Central Bank.
Only **Circle** (USDC issuer) complied with MiCA rules, making **#USDC** the only approved stablecoin for EU usage.
---
### **Why Can't You Use USDT in the EU? 🤔**
- **🛑 July 2024**: EU citizens were **blocked** from buying USDT, using it in Earn wallets, or making any financial movements on Binance.
- **🔍 Trading Pairs Hidden**: USDT trading pairs were removed for EU users, except for **USDC/USDT**.
- **📤 Existing USDT**: If you already held USDT before July, you can keep it in your Spot wallet or exchange it.
---
### **Key Points to Remember: 📝**
1. **No Buying or Trading**: EU users cannot **buy** or **trade** USDT anymore on Binance.
2. **Existing Holdings Are Safe**: Your old USDT **will not disappear** after December 2024.
3. **Spot Wallets**: You can keep holding USDT but cannot purchase more.
4. **Earn Wallet Changes**: If you had USDT in Earn wallets (locked or flexible), rewards are now paid in **BNB** instead of USDT.
---
#USDT #MiCA #BTCNextMove #USUALAnalysis #CorePCESignalsShift
See original
Crypto Capital Losses: How to Turn Your Losses into Tax Opportunities 🇫🇷
The taxation of cryptocurrencies in France is a complex subject, particularly with regard to the treatment of capital losses.
With the entry into force of the MiCA (Markets in Crypto-Assets) regulation, it is essential to understand how to declare and optimize these losses within the framework of French tax.
1. Understanding Cryptocurrency Losses
A capital loss occurs when the sale value of a digital asset is less than its acquisition price.
In other words, if you sell a cryptocurrency for less than you bought it for, you make a loss.
With the entry into force of the MiCA (Markets in Crypto-Assets) regulation, it is essential to understand how to declare and optimize these losses within the framework of French tax.
1. Understanding Cryptocurrency Losses
A capital loss occurs when the sale value of a digital asset is less than its acquisition price.
In other words, if you sell a cryptocurrency for less than you bought it for, you make a loss.
aliencryptomanie:
Je vous en prie, c’est toujours un plaisir de partager mes connaissances.
EU Exchanges Delist Tether’s USDT In Preparation for MiCA
In anticipation of the EU’s looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market’s ability to capitalize on the crypto bull market.
Tether Prepares for MiCA
It has been clear for several months now that Tether’s USDT, the largest stablecoin, will not meet MiCA compliance. According to a new report, EU exchanges have until December 30 to delist the asset. However, apprehension is growing in the European crypto community, as Tether’s retreat may have an outsized impact.
Essentially, Tether is a very useful stablecoin for EU crypto business operations and a critical source of liquidity. Although the space has a high level of development and interest, some European financial products are dwarfed by the US-centric bull market.
In general, EU crypto investments have been dropping in 2024 compared to other regional markets, and MiCA might cause them to fall even further.
European investors will have to hope that the chaos surrounding MiCA and the Tether exit will not depress overall investment rates. Crypto is entering a new level of institutional and regional acceptance worldwide, but Europe could still lose out.
$USDC
#MICA #BTCNextMove #USUALAnalysis #CorePCESignalsShift
In anticipation of the EU’s looming Markets in Crypto Assets (MiCA) regulations, European exchanges are delisting Tether (USDT) en masse. This may severely hinder the EU market’s ability to capitalize on the crypto bull market.
Tether Prepares for MiCA
It has been clear for several months now that Tether’s USDT, the largest stablecoin, will not meet MiCA compliance. According to a new report, EU exchanges have until December 30 to delist the asset. However, apprehension is growing in the European crypto community, as Tether’s retreat may have an outsized impact.
Essentially, Tether is a very useful stablecoin for EU crypto business operations and a critical source of liquidity. Although the space has a high level of development and interest, some European financial products are dwarfed by the US-centric bull market.
In general, EU crypto investments have been dropping in 2024 compared to other regional markets, and MiCA might cause them to fall even further.
European investors will have to hope that the chaos surrounding MiCA and the Tether exit will not depress overall investment rates. Crypto is entering a new level of institutional and regional acceptance worldwide, but Europe could still lose out.
$USDC
#MICA #BTCNextMove #USUALAnalysis #CorePCESignalsShift
See original
Europe Removes USDT from Exchanges Due to MiCA
•
European exchanges are preparing to delist USDT due to MiCA. By December 30, stablecoins without regulatory approval will be removed from the listing. Tether is developing a solution, but it is recommended to convert USDT to other stablecoins. #USDT #MiCA #Delisting
•
European exchanges are preparing to delist USDT due to MiCA. By December 30, stablecoins without regulatory approval will be removed from the listing. Tether is developing a solution, but it is recommended to convert USDT to other stablecoins. #USDT #MiCA #Delisting
Ervin Aiu JtZv:
Solana is the only right decision after usdt, that's my opinion. especially since discounts have started
See original
WHAT IS MICA
MiCA (Regulation on Cryptoasset Markets) is European Union legislation aimed at regulating the cryptocurrency market within the region, providing a clear and harmonized legal framework for businesses and consumers operating with cryptoassets.
It was designed to increase transparency, security, and consumer protection, promoting innovation within the cryptocurrency sector while ensuring that practices do not jeopardize financial stability.
It was designed to increase transparency, security, and consumer protection, promoting innovation within the cryptocurrency sector while ensuring that practices do not jeopardize financial stability.
Tether Under Threat: Global Cryptocurrency Market may face the EU's MiCA impact 📌
#USDT #EuropeanUnion #MiCA
#USDT #EuropeanUnion #MiCA
🇪🇺 BREAKING 🚨: EU Mandates $USDT Delisting by December 30 Under MiCA Non-Compliance 🇪🇺
E.U. Exchanges Must Delist $USDT by December 30 Under MiCA Non-Compliance: What This Means for the Crypto Industry
In a significant development for the cryptocurrency world, the European Union (EU) has mandated that exchanges operating within its jurisdiction must delist Tether ($USDT) by December 30, 2024, unless the stablecoin complies with new regulations under the Markets in Crypto-Assets (MiCA) framework. This directive comes as part of the EU's ongoing efforts to regulate the cryptocurrency sector, ensuring transparency, investor protection, and financial stability across member states.
### What is MiCA?
The MiCA regulation is a sweeping set of rules designed to bring the cryptocurrency market under a more robust regulatory framework. Passed in April 2023 and set to take effect in 2024, MiCA aims to provide clear and consistent rules for digital assets, including cryptocurrencies, stablecoins, and other related financial instruments.
One of the primary goals of MiCA is to protect consumers and investors from the risks posed by the growing cryptocurrency market, such as fraud, market manipulation, and systemic risks. The regulation also aims to foster innovation and competition in the sector while addressing issues such as money laundering and terrorist financing.
### Why is $USDT Being Targeted?
Tether, the issuer of the popular stablecoin $USDT, has been a subject of regulatory scrutiny for some time. As the most widely traded stablecoin in the world, $USDT is used as a medium of exchange and a store of value across various cryptocurrency platforms. However, the stablecoin has faced concerns about its underlying reserves, transparency, and its lack of clear regulatory oversight.
Under MiCA, stablecoins—defined as digital currencies pegged to the value of a fiat currency like the euro or the U.S. dollar—must meet stringent requirements regarding transparency, auditing, and backing reserves. Tether, in particular, has been criticized for not providing regular and fully transparent audits of its reserves, which raises concerns about its long-term solvency and market stability.
To comply with MiCA, $USDT must provide comprehensive proof that it is fully backed by assets on a consistent basis and undergo regular audits by independent third parties. The absence of such documentation and verification could lead to its delisting from exchanges within the EU.
### Impact on the Crypto Market
If the EU enforces the delisting of $USDT by the December 30 deadline, it could have significant ramifications for both Tether and the broader crypto ecosystem.
1. Market Liquidity and Stability: As the most traded stablecoin, $USDT plays a critical role in providing liquidity and stability across the global crypto market. Its removal from EU exchanges could cause disruptions in trading, particularly for investors and traders who rely on $USDT as a stable, low-volatility asset.
2. Alternative Stablecoins: In the absence of $USDT, European exchanges may turn to other stablecoins like USD Coin ($USDC), TrueUSD ($TUSD), and Dai ($DAI). However, these alternatives would also need to meet MiCA's compliance requirements, and any delays or issues in meeting these standards could further complicate the situation.
3. Regulatory Precedent: This move could set a precedent for other regions to follow suit. The EU has been at the forefront of cryptocurrency regulation, and other countries and regions could adopt similar measures if they see MiCA's approach as successful.
4. Impact on Tether's Market Share: For Tether, losing its spot on EU exchanges could have a significant impact on its market share and user base. Although Tether remains the largest stablecoin by market capitalization, its dominance is not guaranteed, and the regulatory pressure could prompt users to look for other options.
5. Increased Regulatory Scrutiny: Beyond the immediate impact of delisting, Tether—and other stablecoin issuers—can expect more rigorous scrutiny and regulatory oversight as the EU continues to refine and enforce MiCA's requirements. This may include more frequent audits, transparency requirements, and tighter controls over the management of reserves.
### What’s Next for Tether?
Tether has not been silent in response to regulatory pressures. In recent months, the company has made strides to improve transparency, including releasing more detailed reports about its reserves and its ongoing efforts to comply with various regulatory frameworks. However, the EU’s MiCA regulation sets a high bar, and whether Tether will be able to meet these stringent requirements by the end of the year remains uncertain.
For now, Tether is in a race against time to ensure its compliance with MiCA's provisions. If it fails to meet the deadline, the delisting of $USDT from EU exchanges could become a reality, reshaping the landscape of the European cryptocurrency market.
### Conclusion
The EU’s decision to require exchanges to delist $USDT by December 30 under MiCA regulations is a pivotal moment for the cryptocurrency industry. While it is part of a broader regulatory push to bring greater oversight to digital assets, it also raises critical questions about the future of stablecoins and their role in the global financial ecosystem. Investors, traders, and market participants will need to closely monitor the situation as the deadline approaches and consider how they will adjust to potential changes in the stablecoin market.
This move underscores the increasing importance of regulatory compliance in the crypto sector and signals that the EU is serious about ensuring a more secure, transparent, and accountable market for all participants. Never (NFA) please do your verification of information/research 🔥🚀 #CorePCESignalsShift #G315C #BTCNextMove
In a significant development for the cryptocurrency world, the European Union (EU) has mandated that exchanges operating within its jurisdiction must delist Tether ($USDT) by December 30, 2024, unless the stablecoin complies with new regulations under the Markets in Crypto-Assets (MiCA) framework. This directive comes as part of the EU's ongoing efforts to regulate the cryptocurrency sector, ensuring transparency, investor protection, and financial stability across member states.
### What is MiCA?
The MiCA regulation is a sweeping set of rules designed to bring the cryptocurrency market under a more robust regulatory framework. Passed in April 2023 and set to take effect in 2024, MiCA aims to provide clear and consistent rules for digital assets, including cryptocurrencies, stablecoins, and other related financial instruments.
One of the primary goals of MiCA is to protect consumers and investors from the risks posed by the growing cryptocurrency market, such as fraud, market manipulation, and systemic risks. The regulation also aims to foster innovation and competition in the sector while addressing issues such as money laundering and terrorist financing.
### Why is $USDT Being Targeted?
Tether, the issuer of the popular stablecoin $USDT, has been a subject of regulatory scrutiny for some time. As the most widely traded stablecoin in the world, $USDT is used as a medium of exchange and a store of value across various cryptocurrency platforms. However, the stablecoin has faced concerns about its underlying reserves, transparency, and its lack of clear regulatory oversight.
Under MiCA, stablecoins—defined as digital currencies pegged to the value of a fiat currency like the euro or the U.S. dollar—must meet stringent requirements regarding transparency, auditing, and backing reserves. Tether, in particular, has been criticized for not providing regular and fully transparent audits of its reserves, which raises concerns about its long-term solvency and market stability.
To comply with MiCA, $USDT must provide comprehensive proof that it is fully backed by assets on a consistent basis and undergo regular audits by independent third parties. The absence of such documentation and verification could lead to its delisting from exchanges within the EU.
### Impact on the Crypto Market
If the EU enforces the delisting of $USDT by the December 30 deadline, it could have significant ramifications for both Tether and the broader crypto ecosystem.
1. Market Liquidity and Stability: As the most traded stablecoin, $USDT plays a critical role in providing liquidity and stability across the global crypto market. Its removal from EU exchanges could cause disruptions in trading, particularly for investors and traders who rely on $USDT as a stable, low-volatility asset.
2. Alternative Stablecoins: In the absence of $USDT, European exchanges may turn to other stablecoins like USD Coin ($USDC), TrueUSD ($TUSD), and Dai ($DAI). However, these alternatives would also need to meet MiCA's compliance requirements, and any delays or issues in meeting these standards could further complicate the situation.
3. Regulatory Precedent: This move could set a precedent for other regions to follow suit. The EU has been at the forefront of cryptocurrency regulation, and other countries and regions could adopt similar measures if they see MiCA's approach as successful.
4. Impact on Tether's Market Share: For Tether, losing its spot on EU exchanges could have a significant impact on its market share and user base. Although Tether remains the largest stablecoin by market capitalization, its dominance is not guaranteed, and the regulatory pressure could prompt users to look for other options.
5. Increased Regulatory Scrutiny: Beyond the immediate impact of delisting, Tether—and other stablecoin issuers—can expect more rigorous scrutiny and regulatory oversight as the EU continues to refine and enforce MiCA's requirements. This may include more frequent audits, transparency requirements, and tighter controls over the management of reserves.
### What’s Next for Tether?
Tether has not been silent in response to regulatory pressures. In recent months, the company has made strides to improve transparency, including releasing more detailed reports about its reserves and its ongoing efforts to comply with various regulatory frameworks. However, the EU’s MiCA regulation sets a high bar, and whether Tether will be able to meet these stringent requirements by the end of the year remains uncertain.
For now, Tether is in a race against time to ensure its compliance with MiCA's provisions. If it fails to meet the deadline, the delisting of $USDT from EU exchanges could become a reality, reshaping the landscape of the European cryptocurrency market.
### Conclusion
The EU’s decision to require exchanges to delist $USDT by December 30 under MiCA regulations is a pivotal moment for the cryptocurrency industry. While it is part of a broader regulatory push to bring greater oversight to digital assets, it also raises critical questions about the future of stablecoins and their role in the global financial ecosystem. Investors, traders, and market participants will need to closely monitor the situation as the deadline approaches and consider how they will adjust to potential changes in the stablecoin market.
This move underscores the increasing importance of regulatory compliance in the crypto sector and signals that the EU is serious about ensuring a more secure, transparent, and accountable market for all participants. Never (NFA) please do your verification of information/research 🔥🚀 #CorePCESignalsShift #G315C #BTCNextMove
Bitcoin: Cultivating Strength
In less than three days, Bitcoin’s price has seen wild swings, with a 15% drop and a quick 6% recovery. This Erratic behavior illustrates the extreme market volatility that Bitcoin reflects.
Bitcoin could reach new all-time highs if it can break out of this key resistance zone. But if it fails to break out of this area, sellers will be in a stronger position to push prices lower, possibly below $100,000.
Exploring the Technicals
At the current price of $98,200, Bitcoin has made a solid recovery from $92,000, a level where demand was very high. This rally from $92,000 shows that Bitcoin’s price action is strong, suggesting that positive momentum could develop in the coming weeks.
In the coming days, if Bitcoin breaks the $100,000 barrier, it could trigger a huge rally that could push the price to new records. In anticipation of the next phase of growth, investors and traders are likely to unleash a wave of buying pressure when we reach this psychological and technical milestone.
But the market is still unpredictable, so it is possible that Bitcoin could enter a period of sideways consolidation. A period of accumulation while the market re-evaluates itself after recent volatility could force BTC to remain within the range between its all-time highs and local lows.
Right now, Bitcoin has a solid base near the $92,000 mark, and the next big test will be when it reaches $100,000. Whether Bitcoin breaks out or consolidates, its recent resilience suggests that it is still poised for significant moves in the near future.
#stablecoin #bitcoinnews #mica $BTC
In less than three days, Bitcoin’s price has seen wild swings, with a 15% drop and a quick 6% recovery. This Erratic behavior illustrates the extreme market volatility that Bitcoin reflects.
Bitcoin could reach new all-time highs if it can break out of this key resistance zone. But if it fails to break out of this area, sellers will be in a stronger position to push prices lower, possibly below $100,000.
Exploring the Technicals
At the current price of $98,200, Bitcoin has made a solid recovery from $92,000, a level where demand was very high. This rally from $92,000 shows that Bitcoin’s price action is strong, suggesting that positive momentum could develop in the coming weeks.
In the coming days, if Bitcoin breaks the $100,000 barrier, it could trigger a huge rally that could push the price to new records. In anticipation of the next phase of growth, investors and traders are likely to unleash a wave of buying pressure when we reach this psychological and technical milestone.
But the market is still unpredictable, so it is possible that Bitcoin could enter a period of sideways consolidation. A period of accumulation while the market re-evaluates itself after recent volatility could force BTC to remain within the range between its all-time highs and local lows.
Right now, Bitcoin has a solid base near the $92,000 mark, and the next big test will be when it reaches $100,000. Whether Bitcoin breaks out or consolidates, its recent resilience suggests that it is still poised for significant moves in the near future.
#stablecoin #bitcoinnews #mica $BTC
See original
The main forms for your tax return
1. Form No. 2086: Declaration of capital gains or losses on sales of digital assets
This form is used to report capital gains or losses made on the sale of digital assets, such as cryptocurrencies. It must be attached to the income tax return.
• Use: Details of digital asset transfer operations carried out during the fiscal year.
• Access to the form: Available on the official French tax website
2. Form No. 2042-C: Supplementary income declaration
This form is used to report capital gains or losses made on the sale of digital assets, such as cryptocurrencies. It must be attached to the income tax return.
• Use: Details of digital asset transfer operations carried out during the fiscal year.
• Access to the form: Available on the official French tax website
2. Form No. 2042-C: Supplementary income declaration
aliencryptomanie:
Avec plaisir, je suis ravi d’avoir pu vous aider.
European Crypto Exchanges to Stop Trading USDT Due to New MiCA Regulations
Starting December 30, 2024, the #MiCA (Markets in Crypto-Assets Regulation) framework will come into effect, requiring crypto exchanges to cease trading the #USDT? stablecoin and several others. This is due to new regulations demanding licensing and transparency from stablecoin issuers.
Key Points:
New MiCA Regulations: Stricter requirements for stablecoin issuers, including licensing and transparency, make it impossible for exchanges to continue trading USDT in Europe.What Users Can Expect: European users will need to convert their USDT into other stablecoins or cryptocurrencies that meet MiCA requirements to avoid withdrawal restrictions.Market Impact: Increased volatility in the stablecoin market is expected in Europe. The long-term effect will depend on how quickly market participants adapt to the new regulations.
Conclusion: MiCA aims to enhance transparency and security in the European crypto market. Users should stay informed and be prepared to adapt to these changes in order to avoid potential disruptions.
$BTC
$ETH
Key Points:
New MiCA Regulations: Stricter requirements for stablecoin issuers, including licensing and transparency, make it impossible for exchanges to continue trading USDT in Europe.What Users Can Expect: European users will need to convert their USDT into other stablecoins or cryptocurrencies that meet MiCA requirements to avoid withdrawal restrictions.Market Impact: Increased volatility in the stablecoin market is expected in Europe. The long-term effect will depend on how quickly market participants adapt to the new regulations.
Conclusion: MiCA aims to enhance transparency and security in the European crypto market. Users should stay informed and be prepared to adapt to these changes in order to avoid potential disruptions.
$BTC
$ETH
See original
🚨 USDT is leaving the EU: new MiCA rules are a game changer!
All exchanges in the European Union must delist USDT by December 30. The reason? The new MiCA regulations deemed the stablecoin non-compliant.
💡 Why is this important?
🔹 USDT is one of the most popular stablecoins, with a huge number of trading operations associated with it.
🔹 Exchanges will have to adapt, which may temporarily affect liquidity.
🔹 Traders and investors need to prepare for the transition to other assets.
🤔 What to do now?
1️⃣ Check your assets on EU exchanges.
2️⃣ Consider alternative stablecoins that are MiCA compliant.
3️⃣ Stay tuned for updates from regulators and exchanges.
🔍 What do you think? Is MiCA a step towards transparency or a barrier to crypto innovation? Write your thoughts in the comments! 💬
#USDT
#CryptoRegulation
#MiCA
#Stablecoins
$BTC
All exchanges in the European Union must delist USDT by December 30. The reason? The new MiCA regulations deemed the stablecoin non-compliant.
💡 Why is this important?
🔹 USDT is one of the most popular stablecoins, with a huge number of trading operations associated with it.
🔹 Exchanges will have to adapt, which may temporarily affect liquidity.
🔹 Traders and investors need to prepare for the transition to other assets.
🤔 What to do now?
1️⃣ Check your assets on EU exchanges.
2️⃣ Consider alternative stablecoins that are MiCA compliant.
3️⃣ Stay tuned for updates from regulators and exchanges.
🔍 What do you think? Is MiCA a step towards transparency or a barrier to crypto innovation? Write your thoughts in the comments! 💬
#USDT
#CryptoRegulation
#MiCA
#Stablecoins
$BTC
Shark-26499:
I have 560,000 usdt on binance, now they want to convert 9,350 usdt from me to usdc, I have 9 days left until the 30th, the question is, do they have the right to do this?
See original
Using Crypto Tax Software: A Guide for Investors
With the rise of cryptocurrencies, more and more investors and traders find themselves faced with a sometimes complex task: managing their tax obligations.
The volatility of digital assets, the multiple transactions carried out on different platforms and the different tax regulations across the world make this management particularly delicate.
Fortunately, crypto tax management software is here to simplify the process.
Here's a look at what they're important, how they work, and the best tools available.
The volatility of digital assets, the multiple transactions carried out on different platforms and the different tax regulations across the world make this management particularly delicate.
Fortunately, crypto tax management software is here to simplify the process.
Here's a look at what they're important, how they work, and the best tools available.
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Tether Invests in StablR: A Strategic Move in the European Stablecoin Market
Tether, the company behind USDT - the largest stablecoin in the world, has just made a strategic move to strengthen its position in the European market. In the context of the upcoming regulations #MiCA (Markets in Crypto-Assets) coming into effect across the EU, Tether decided to invest in StablR, a compliant stablecoin issuer in Malta.
Tether Strategic Reorientation in Europe
Tether recently closed its euro-pegged stablecoin to redirect support for smaller issuers through the Hadron tokenization platform. This is the second time in a month that Tether has invested in stablecoin companies in Europe, after investing in #Quantoz - a regulated issuer in the Netherlands.
Tether Strategic Reorientation in Europe
Tether recently closed its euro-pegged stablecoin to redirect support for smaller issuers through the Hadron tokenization platform. This is the second time in a month that Tether has invested in stablecoin companies in Europe, after investing in #Quantoz - a regulated issuer in the Netherlands.
See original
🇪🇺 Tether is keeping pace with MiCA! 💶
Tether has invested in StablE, a stablecoin issuer that is already compliant with the European MiCA regulation. 🛡️ This is an important step to maintain its position in Europe, where the rules of the game are changing before our eyes.
⚡ Recall that Coinbase recently delisted USDT in Europe because it did not comply with the new MiCA requirements.
🔑 Why is this important?
MiCA (Markets in Crypto-Assets) are strict but clear rules that will regulate the crypto market in the EU.
Investing in StablE is a smart move to adapt and maintain user trust. 🚀
Conclusion: The war for the stablecoin market in Europe has just begun! 💥 USDT is not giving up, and time will tell what happens next.
What do you think? 💬 Should Tether urgently update its standards?
#Tether
#Stablecoin
#CryptoNews
#Europe
#MiCA
#Regulation
Tether has invested in StablE, a stablecoin issuer that is already compliant with the European MiCA regulation. 🛡️ This is an important step to maintain its position in Europe, where the rules of the game are changing before our eyes.
⚡ Recall that Coinbase recently delisted USDT in Europe because it did not comply with the new MiCA requirements.
🔑 Why is this important?
MiCA (Markets in Crypto-Assets) are strict but clear rules that will regulate the crypto market in the EU.
Investing in StablE is a smart move to adapt and maintain user trust. 🚀
Conclusion: The war for the stablecoin market in Europe has just begun! 💥 USDT is not giving up, and time will tell what happens next.
What do you think? 💬 Should Tether urgently update its standards?
#Tether
#Stablecoin
#CryptoNews
#Europe
#MiCA
#Regulation
See original
Today I want to reveal a big news to everyone!
🚨 🚨 Uphold actually abandoned multiple stablecoins due to the MiCA ban. Is your wallet okay?
According to an exclusive report by Foresight News, the well-known cryptocurrency trading platform Uphold has decided to "discard" multiple stablecoins from July 1st under the pressure of the MiCA regulations that the EU is about to implement! Yes, you heard it right, DAI, FRAX, GUSD, USDP, TUSD, USDT, these friends who used to be your and my favorites, are all facing the fate of being "kicked out of the group chat"! 😱
As soon as this news came out, it undoubtedly caused a small earthquake in the cryptocurrency circle! 🌀 Looking back, these stablecoins were all our favorites. Whether it was hedging in a volatile market or as a trading bridge, they played an irreplaceable role. And now, because of a piece of regulation, they are going to say goodbye to us? This is really sad.
However, Uphold is not completely ruthless. They gave users a buffer period. Before 05:59 on June 28th, Beijing time, users can also choose to convert tokens on their own. If you are too lazy to do it, Uphold will automatically convert it to USDC on June 28th. Of course, if you love USDC, EURC and PYUSD, then congratulations, they will continue to be favored by Uphold. 😉
By the way, what is the origin of this MiCA regulation? How can Uphold make such a big adjustment? In fact, MiCA is a crypto asset market regulation that the European Union is about to implement, which aims to strengthen the supervision of the crypto asset market and protect the interests of investors. However, for Uphold, this regulation may mean higher compliance costs and stricter regulatory requirements, so they have to make such adjustments.
So, as ordinary users, how should we deal with this sudden change? First, don't panic and stay calm. Secondly, pay close attention to whether the tokens you hold are on Uphold's "breaking away" list. If so, make a decision as soon as possible and choose to convert tokens or withdraw cash. Finally, always pay attention to the dynamics of the cryptocurrency market and regulatory changes so that timely adjustments can be made.
#MiCA法规 #mica #meme板块关注热点 #币安用户数突破2亿 #BTC走势分析 $BTC $ETH $SOL
🚨 🚨 Uphold actually abandoned multiple stablecoins due to the MiCA ban. Is your wallet okay?
According to an exclusive report by Foresight News, the well-known cryptocurrency trading platform Uphold has decided to "discard" multiple stablecoins from July 1st under the pressure of the MiCA regulations that the EU is about to implement! Yes, you heard it right, DAI, FRAX, GUSD, USDP, TUSD, USDT, these friends who used to be your and my favorites, are all facing the fate of being "kicked out of the group chat"! 😱
As soon as this news came out, it undoubtedly caused a small earthquake in the cryptocurrency circle! 🌀 Looking back, these stablecoins were all our favorites. Whether it was hedging in a volatile market or as a trading bridge, they played an irreplaceable role. And now, because of a piece of regulation, they are going to say goodbye to us? This is really sad.
However, Uphold is not completely ruthless. They gave users a buffer period. Before 05:59 on June 28th, Beijing time, users can also choose to convert tokens on their own. If you are too lazy to do it, Uphold will automatically convert it to USDC on June 28th. Of course, if you love USDC, EURC and PYUSD, then congratulations, they will continue to be favored by Uphold. 😉
By the way, what is the origin of this MiCA regulation? How can Uphold make such a big adjustment? In fact, MiCA is a crypto asset market regulation that the European Union is about to implement, which aims to strengthen the supervision of the crypto asset market and protect the interests of investors. However, for Uphold, this regulation may mean higher compliance costs and stricter regulatory requirements, so they have to make such adjustments.
So, as ordinary users, how should we deal with this sudden change? First, don't panic and stay calm. Secondly, pay close attention to whether the tokens you hold are on Uphold's "breaking away" list. If so, make a decision as soon as possible and choose to convert tokens or withdraw cash. Finally, always pay attention to the dynamics of the cryptocurrency market and regulatory changes so that timely adjustments can be made.
#MiCA法规 #mica #meme板块关注热点 #币安用户数突破2亿 #BTC走势分析 $BTC $ETH $SOL