Tether CEO Paulo Ardoino said that the upcoming regulatory framework in Europe will create significant banking concerns for stablecoin issuers, which could threaten the stability of the broader cryptocurrency sector.
The Crypto Asset Market Supervisory Authority (MiCA) is the first comprehensive regulatory framework for the crypto industry, which will come into full effect on December 30. According to MiCA, stablecoin issuers must hold at least 60% of the reserve assets of European banks.
Tether CEO: European Union MiCA rules pose'systemic 'banking risk to stablecoins
2024-10-28 10:04:12
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Tether CEO：欧盟MiCA规则对稳定币构成“系统性”银行风险Next article：
Ethena Labs：确认没有使用锁定的团队或投资者代币质押为 sENA 获取奖励
