Views: The main market of Tether is not in Europe, and it is still unclear whether it applies for MICA license

Panews January 29th, according to FinanceFeeds, the European Securities and Market Administration (ESMA) requires that cryptocurrency companies abide by the EU's new stable currency rules by March 31. According to market observers, USDT is strictly reviewed by strict review. One of the stablecoins, it is still unclear whether Tether intends to apply for MICA license to apply for the European Union. As a "important" stable currency under MICA, it may face stricter requirements, including higher capital reserves and stricter supervision. Other people in the industry believe that Asia accounts for 80%of USDT transactions, the United States also dominates global cryptocurrency transactions, and Europe's USDT market share seems to be small. In addition, in order to meet MICA's requirements, Tether invested in compliance companies such as Stablr and Quantoz Payments. Tether CEO Paolo Ardoino clearly stated that he did not intend to leave the European Union in the short term. Although USDT could not be traded on a MICA exchange, traders could still put stable coins in unschittating wallets as short -term solutions.