crypto.news@cryptodotnews

2 years ago

Ardoino criticized MiCA, arguing that it introduces significant systemic risks rather than enhancing system security. The Tether CEO was also asked about Trump's plan to create a strategic BTC reserve https://t.co/RZW7BHzRIx

ICO Drops@ICODrops

2 years ago

.@Tether_to CEO @paoloardoino has raised concerns that the European Union’s Markets in Crypto-Assets (MiCA) regulation poses a systemic risk not only to stablecoins but also to the broader banking system. The MiCA regulation, which took effect on June 30, imposes stringent… https://t.co/rYeWdsj785

Wu Blockchain@WuBlockchain

2 years ago

Tether CEO Paolo Ardoino said that the EU's recently approved MiCA poses a threat to stablecoins. MiCA requires that at least 60% of stablecoin reserves must be held in EU bank accounts. But Silicon Valley Bank collapsed in 2023, and USDC once de-pegged. https://t.co/f2XuW0T21N