#FTT# What is Tether (USDT) fear, uncertainty and doubt that has recently appeared? Is panic necessary? This is the information that needs to be known
Tether delisting (USDT) One of the most immediate impacts of MICAr is that Tether (USDT), the world's largest stablecoin by market capitalization, has been delisted. From December 30th, most centralized exchanges in Europe will no longer support USDT. Although USDC (USD Coin) has been accepted and will continue to be used, the loss of USDT may affect trading pairs and liquidity. This could lead to more stablecoins following suit and potentially reduce options for EU users. What does this mean for users? Transferring from one exchange to another: Now personal data will accompany each transaction. This loss of anonymity has raised concerns about where personal information may flow and how it is securely handled. Hot wallets and cold wallets: Binding wallets with identities will weaken the privacy protection provided by encrypted wallets. Even offline wallets that do not directly provide channels for fiat currency deposits and withdrawals will face KYC requirements. The defense lawyer argues that stricter regulations will help combat criminal activities such as money laundering and tax evasion. However, research shows that these measures have not played a significant role in these risks due to the absence of fiat currency inflows and outflows in personal wallets. Critics claim that these measures disproportionately affect privacy-conscious users and pose worrisome precedents for global crypto governance. #ChristmasWonderland: Celebrate the New Year With $50,000 Rewards#
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#FTT# What is Tether (USDT) fear, uncertainty and doubt that has recently appeared? Is panic necessary? This is the information that needs to be known
Tether delisting (USDT)
One of the most immediate impacts of MICAr is that Tether (USDT), the world's largest stablecoin by market capitalization, has been delisted. From December 30th, most centralized exchanges in Europe will no longer support USDT.
Although USDC (USD Coin) has been accepted and will continue to be used, the loss of USDT may affect trading pairs and liquidity. This could lead to more stablecoins following suit and potentially reduce options for EU users.
What does this mean for users?
Transferring from one exchange to another: Now personal data will accompany each transaction. This loss of anonymity has raised concerns about where personal information may flow and how it is securely handled.
Hot wallets and cold wallets: Binding wallets with identities will weaken the privacy protection provided by encrypted wallets. Even offline wallets that do not directly provide channels for fiat currency deposits and withdrawals will face KYC requirements.
The defense lawyer argues that stricter regulations will help combat criminal activities such as money laundering and tax evasion. However, research shows that these measures have not played a significant role in these risks due to the absence of fiat currency inflows and outflows in personal wallets. Critics claim that these measures disproportionately affect privacy-conscious users and pose worrisome precedents for global crypto governance.
#ChristmasWonderland: Celebrate the New Year With $50,000 Rewards#