Starting next Wednesday, many exchanges will no longer be allowed to offer crypto services to the EU.
Odds are, your favorite exchange is one of them.
Check if your platform is licensed to continue operating in the EU here 👉🏻 https://t.co/n85vYk2bcL
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Again, a bunch of big crypto accounts are claiming upcoming AML rules will ban self-custody or anonymous crypto & #Bitcoin transactions in the EU.
That's wrong.
Resharing this thread from last year that highlights what the AMLR actually means for crypto & #Bitcoin in 🇪🇺
🚨IMPORTANT NEWS FOR EUROPEANS🚨
A lot of $USDT FUD going around, so here’s the reality:
$USDT is NOT becoming illegal in Europe on Dec 30, 2024
MiCA rules will require compliance, but there’s a 6-18 month transition period for providers
Some exchanges are delisting early (Coinbase); others are waiting for clarity
$USDC may be the better MiCA-compliant stablecoin option but there is still no clarity