OKX Phases Out USDT Trading in Europe Ahead of MiCA

OKX ranked as the fourth-largest crypto exchange globally, has announced the discontinuation of Tether (USDT) trading pairs. This ruling will impact users located in the European Economic Area (EEA). The event is prior to the implementation of the Markets in Crypto-Assets (MiCA) regulations. It highlights the rather aggressive stance that exchanges are taking in regard to the forthcoming regulatory changes. This prohibition will be fully enforced until December 30, 2024, and the date will be a turning point in the regulatory system of cryptocurrencies in Europe.