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CoinGape 2024-06-04 20:02:38

MiCA Regulations: Tether CEO Criticizes Bank Deposit Requirement for Stablecoins

Tether’s CEO, Paolo Ardoino, has criticized the upcoming Markets in Crypto-Assets (MiCA) regulations, particularly challenging the rule requiring stablecoin issuers to hold reserves in bank deposits. This criticism comes as the cryptocurrency industry prepares for these regulations to be implemented on June 30th, leading to many platforms like Binance shifting their operations in Europe. Tether The post MiCA Regulations: Tether CEO Criticizes Bank Deposit Requirement for Stablecoins appeared first on CoinGape .

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