TechFlow news, on December 27, according to Cointelegraph, despite the upcoming enforcement of the EU's cryptocurrency regulations (MiCA), significant uncertainty remains regarding the compliance status of Tether's USDT stablecoin. Previous reports indicated that Coinbase delisted USDT in Europe in mid-December, stating it did not meet MiCA requirements; however, many exchanges continue trading USDT while awaiting further regulatory clarity.
Juan Ignacio Ibañez, a member of the MiCA Crypto Alliance, said that although no regulator has explicitly stated that USDT is non-compliant, this does not mean it is compliant. He believes Coinbase’s decision to delist may have been driven by risk mitigation concerning future compliance.
MiCA will be fully implemented on December 30, 2024, followed by an 18-month transitional period. According to the European Securities and Markets Authority (ESMA), during this transitional period, entities already providing crypto-asset services before December 30, 2024, may continue operations until July 1, 2026.
