predictions are always being made abt tether so I have no i…
predictions are always being made abt tether so I have no idea what to make of this but for what it’s worth.. also- as an fyi Europe did NOT ban tether, I believe hes talking about MiCA the digital assets legislation in the EU. I’ve analyzed it and it’s definitely not banned. They just can’t market to EU citizens, that part is a nothing burger. https://x.com/JacobKinge/status/1875202481627815983
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I have read a lawyer’s extensive interpretation, a few other takes, and scanned parts of the ugly beast of a document. And I’ve used 3 different AIs to analyze and searched & found the spots they referenced wrt this aspect. Maybe some exchanges will be conservative and “delist” I don’t know, but mica appears to be explicit when it says that 1) issuers of stablecoins must ensure their marketing comms to EU citizens are clear and not misleading. 2) if a stablecoin (tether and whoever else) *markets* to an EU citizen it must publish proper documentation and follow proper redemption rights. And separate from the marketing piece: 3) they could be suspended or delisted if shown to pose significant risk to market integrity, financial stability, or monetary sovereignty. Central banks have the authority to determine this.
So … no, tether is not banned in EU. Bloomberg published a misleading headline on this.