Centralized Exchanges are not for storage of crypto holdings, you would know this if you actively use crypto assets as they are designed, iow, on the decentralized p2p networks and blockchains However, be that as it may, don't use CEXes that you have kyc'ed for Tether or any mica problem crypto assets, I assume mica allows bitcoin, ethereum and solana? problem solved Use DEXes for swapping in and out to those mica-friendly coins
It is never late to learn something new https://en.m.wikipedia.org/wiki/Universal_health_care_by_country You will miss the US there, but that's just sad. I hope you guys can join the list one day.
You mean mica ban on all crypto assets? It's possible, remember the words from Merkel, if the EU citizens find an escape hatch they will use it It is why bitcoin is the best way to escape that fiat debt-based slavery monetary system You live in a country where you are afraid of your everyday existence... Don't listen to me, listen to the CEO of the biggest wealth management firm in the whole world
Err... What? I am not afraid of anything, I live in small town where the most dangerous threat is a pack of stray cats that run away when they see people. What the hell are you talking about?
Sorry, it was a metaphor, which is why it was in italics... I presumed you would watch the attached Blackrock ceo interview... The EU overlords has put fear of all that is unholy... If you are European and you have amassed wealth stored in bitcoin or even Tether, it will not be useless after November 2025 You simply travel outside of that prison location... but a prison in the mind is difficult to escape Argentina or Lugano, Dubai or Asia
I'm honestly trying to keep an open mind, and didn't read the links, but here is how I see things. USDT is just a form of a US dollar. Some people have US dollars in a bank account, some people have paper bills and coins, and some people have USDT, which turns out is much easier to spend on digital things than sending bills in the mail. If the EU decides that something shaddy is going on with USDT, all they are saying is that they don't like dollar bills with certain serial numbers. Fine, nobody will accept these bills anymore (ie. you can use USDT). But this obviously doesn't crash the dollar. So if EU wants to prevent the citizens from using USDT, they can just move to another stablecoin. And if the EU wants to ban all stablecoins, are they trying to say they are banning US dollars? Didn't Trump just come out and say he is putting a 100% tariff on any BRICS country that wants to use a different currency than the dollar? So what they don't like is that its too easy to move dollars around via this USDT blockchain that they can't control, so they want it shut down. They want all dollars to go through banks, so that only they can do some money laundering, but not average citizens. All you guys are having wet dreams about USDT collapsing, but what is really going to happen? They are forced to sell all their bitcoin, and worse, all of their US treasuries (which nobody at the Fed wants by the way). Maybe they even come up short after selling all their assets in a forced liquidation. Maybe 1 USDT will only get you 0.75 cents back. But if you own USDT, most people cannot redeem for US dollars. So they are stuck buying something else... like Bitcoin! And now $120B has to move into bitcoin. Yay for us bitcoin holders! If somehow the blockchain collapses overnight and you can't even sell your USDT, those treasuries still exist. Its not like the Tether company can keep them. So now there is a lengthy process to get back some funds through the courts. Fine... perhaps some people take a haircut. But who is holding $100k in USDT? Maybe some are, but its still just a haircut. And then maybe people learn that any blockchain that is centralized and can be shutdown by government agencies is crap. Well, welcome to Bitcoin... completely decentralized and not able to be shut down. So even if you take the worst possible scenario for USDT, it only sets Bitcoin back a few months from a bit of negative press, or likely accelerates bitcoin buying by everyone fleeing USDT and having to buy something else. As has been nicely pointed out in this thread, if the EU is closing the exits, perhaps you should be worried about getting trapped within the EU. Look at how well North Korea is doing putting up walls for technological innovation. The EU is now a dead and failed economy so of course they have to start thinking about closing the exits. Instead of being worried about USDT holders, you should be worried about getting trapped in a country that might go the route of North Korea.