OKX delists USDT for EU users amidst tightening regulations, signaling potential challenges for stablecoin operations.
Despite the delisting, OKX aims to enhance euro-denominated liquidity in Europe, focusing on euro-to-crypto spot trading.
In the latest developments in the cryptocurrency sphere, OKX, a significant player in the cryptocurrency exchange arena, has opted to remove Tether’s USDT stablecoin from its offerings for users based in both the European Union and the European Economic Area. This strategic move potentially foreshadows regulatory hurdles ahead for the prominent stablecoin, coinciding with the E.U.’s forthcoming enforcement of regulations mandating that stablecoin issuers acquire licenses as electronic money institutions.
This update is explained in the CNF YouTube video, detailing OKX’s move to delist USDT for EU users due to compliance concerns and the shift in focus to euro-denominated liquidity.
The move by OKX marks a significant shift in its operations w
