EU crypto asset regulations come into full effect at the end of the year, and in order to comply with the Markets in Crypto Assets Regulation (MiCA), several cryptocurrency exchanges in the EU have removed USDT, the mainstream stablecoin Tether. Tether's main competitor Circle obtained such a license in July. However, Tether has not yet obtained such a license, but has not ruled out the possibility of trying to obtain it in the future. In the absence of Tether's license, regulated exchanges must remove the token by December 30. The new EU rules are designed to give regulators a deeper understanding of cryptocurrency flows and help prevent crimes such as money laundering, which blockchain forensics experts say USDT is often used for. (Bloomberg)