Tether Declines to Comply with MiCA, Raising Regulatory Concerns

The European Union’s new Markets in Crypto-Assets regulation (MiCA) presents a major challenge for stablecoin issuers like Tether. While MiCA aims to provide clear rules for the crypto space, Tether argues that its regulations go against their business model and principles. Tether claims it’s committed to user needs rather than complying with MiCA’s demands. The regulatory landscape is a complex issue for the cryptocurrency world as Tether’s actions highlight the need for clearer global standards and consistent approaches across jurisdictions.