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"BREAKING: USDT TO BE BANNED IN THE EU BY DECEMBER 30

The Global Crypto Market Faces a Major Shock!

Starting December 30, USDT, the world’s largest stablecoin, will be delisted from all exchanges in the European Union (EU). This bold move stems from the MiCA regulations, a sweeping overhaul of crypto governance. The decision will not only reshape the market landscape but also bring new challenges and opportunities."

https://www.binance.com/en/square/post/17942336867625

I just found this on Binance Square and am surprised that I haven't heard anything earlier about such big change for EU markets.

Wonder your thoughts, this can cause a shock for sure short term on crypto markets if USDT will be banned from all EU regulated exchanges in 2 days  :o

Yeah, these MiCA regulations arent really surprising me.  I already heard Coinbase was gonna stop offering USDT to people in Europe earlier this month cause of new EU rules.  Even though the headline makes it sound like Tether is totally banned, thats probably just misunderstanding.  More likely, exchanges will just delist it since the stricter requirements under MiCA.

I doubt we will see an outright ban across the EU and  the rules basically mean exchanges need to back up stablecoins with real reserves and be more transparent.  So unless Tether shapes up to comply places like Coinbase will drop it for European users rather than deal with the regulatory headache.  Annoying for folks who own USDT, but no reason to panic.  It was never really wise to hold large sums of money in centralized exchanges or stablecoins anyway.

we will have to wait and see, time to start using USDC instead

I think it can cause some liquidity problems on European exchanges and wonder how this will impact BTC price at least short term?

strange that such big news wasn't discussed almost at all, looks like big media outlets haven't picked it up either so far

The new MiCA regulation mandates all firms who issue stablecoins in centralized exchanges to get an e-money license. I don't know the procedures to get the license but it seems that it might take a long bureaucratic process. European nations are just trying to protect it's citizens from the risks associated with these centralized crypto but it might have some negative effects. It will make Europe less attractive to crypto companies. Many of them might move to other friendly countries,.maybe the US and other North and south America nations.

Not sure but I don't think that it will affect the value of Bitcoin in anyway. Most of those who currently hold USDT will convert those into USDC and that can be done within seconds. Surely, some of them might withdraw their money in current situations but I don't think it will impact price of Bitcoin in anyway.

i was thinking more about arbitrage opportunities

if USDT pairs will be not available and as we know USDC pairs are not so liquid especially on smaller exchanges, it can cause some price differences  

This big policy enforcement will force many cryptocurrency users to switch from USDT to USDC for their stable coin storage, and it will increase popularity and usage of USDC in future.

They are competitors with each other, and if USDT fails, USDC will take advantage of it to rise more. I believe Tether will not stay silent, inactive and do nothing. They will soon make changes to comply with requirements from governments in the EU, but it needs time. In short term switching from a risky stable coin like USDT to USDC is good for risk management.

Generally all stable coins are risky.
PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets. (https://bitcointalk.org/index.php?topic=5204055.0)

The only reason they can ban a cryptocurrency like USDT is because it is centralized.

As much as I dislike these government bureaucrats trying to tie even more regulation nooses around our necks, there is no need to panic. They cannot regulate actual decentralized crypto as long as it is stored outside of custodial wallets (like crypto-exchange wallets).

But the question is do we even have a decentralized stablecoin? USDC is an alternative but it is just as centralized.

kinda expected this, USDT is too big for its own good to not be MICA complying, meanwhile USDC been doing all that, I think there will be a huge shift to USDC pair in EU.
but overall, I don't expect anything of significance to happen, probably USDT will just trying to be MICA compliant as well, they got the resources to do that, but might take some time.
as of now, i'm already content using USDC, after that rumour of USDT reserve, already converted most of my USDT to USDC anyway.

I too am seeing this news now. I think we have many alternatives available in the market today and that's why a lot of people are not much bothered about the ban. USDT is undoubtably the biggest stablecoin in the market today but that does not mean, they are not replaceable. People can simply switch to USDC for instance. So I don't think there will be any shock if EU bans USDT from the European exchanges. People will switch and I am sure a lot of people have already started switching to safeguard their wealth.

MICA regulation talks about transparency. Let's hope it happens in reality!

I think this is because the European stock market in general is simply far too small to have a (significant) impact here, even if it is very unpleasant for us Europeans.

But the background behind the delisting is that Tether has not yet met the requirements of Mica (proof of funds, ...) and is therefore being removed from the stock exchanges. Tether therefore also seems to have little interest in the European market ...


But as you rightly point out, USDC is a pretty good alternative to Tether!

It is not government reason to ban USDT, while they allow another centralized stable coin USDC!

With centralized stable coins, they can freeze these stable coins in your wallets, non custodial wallets through smart contracts. They don't need you to store your stable coins in centralized exchange accounts and knock exchange doors to freeze your account and your stable coins.

They will try to arrest founders, developers of decentralized stable coins and make some possible requests. Only Bitcoin with anonymous founder Satoshi Nakamoto and its decentralized design, is free from government pressure and attack.

USDT is the main stable coins of all trader and investors in the crypto space, so if this wasn't a fake news for sure many people will look for another trusted crypto where to secure their capital from the volatility of crypto market. And i know this will not make an impact on Bitcoin but the problem is what coin to replace USDT especially when it comes long term?.

Anyone can write a post on Binance Square.

I also found this post from the official Binance News account: https://www.binance.com/en/square/post/12-27-2024-tether-faces-potential-ban-in-europe-amid-regulatory-challenges-18117531627074

Governments do not like losing control, so they will do everything they can to monitor, control and follow every step of crypto and stablecoin holders. Centralized exchanges and stablecoins have to follow their rules if they want to stay in the game. And if they cannot do the same with decentralized alternatives those who use them will just be considered criminals.

this is legit info (unfortunately) and start to get attention from more people

https://talkimg.com/images/2024/12/27/D9izg.png
https://x.com/jacobkinge/status/1872420454440546776


this is why I laugh when i hear explanations that regulations like MICA are done to protect unexperienced investors from crypto risks


thanks for sharing, TBH I wasn't aware of that, frozen in my wallet WTF  ??? :o

Also there are many pairs (altcoins) that are trading in only USDT pair, so if the UDST is removed from the exchanges it may cause a bit of dump to those altcoins too. Although one can argue that it will happen only in the European exchanges but bear in mind European is a big market and it will have an impact globally.

It will be interesting to see how much marketcap of the USDT is removed after this event. The current marketcap of USDT according to coingecko is $139,165,337,076

https://www.coingecko.com/en/coins/tether

Even BTC that is decentralized has also experienced a ban on different countries before. The ban of USDT is only in EU, so if we are not from this country or are using a USDT, then yeah there is no need for us to panic. But if the panic is all about the impact, thinking other cryptos will also decline in price, it can only be temporary. Even we are using a centralized crypto like USDT, it is always best to use a non-custodial wallet, so that we are always in control of our money.

I think yeah, we have it. What about DAI? I think there are others too but I forgot their name for now. We have plenty of alternatives to choose from, not only USDC, so there is no need for us to force ourselves on it.

I am not fully versed with the MiCA regulations and this probably where the market is heading, KYC and bans everywhere!

There have been banning scenarios for BTC even before and now with USDT. And maybe the next stable coins will be targeted next. Monero has been delisted as well in South Korean exchanges and others as well. What's next? Governments really are trying to push down the market, will these be signs that we're entering the bear market? No, I hope not so.

Well the trouble is that even with a custodial wallet, as long as a pseudo cryptocurrency such as USDT is centralized, you will not be in control of your money, no matter which wallet you use.. In fact, they can freeze the USDT in your own custodial wallet if they wanted to.

Look at what happened when China 'banned' Bitcoin for the first time. The price went down, people panicked, sold their coins. But China still could not halt mining or transacting of Bitcoin. Even such a authoritarian government could not do anything to effectively ban Bitcoin. But with USDT it would have been a different story.

DAI is neat and probably one of the most decentralized stablecoins but the holders are too few in numbers and a large amount of their collateral is in USDC, a centralized currency. It has weak points. I consider it semi-centralized.

Which means if anything terrible happened to USDC, that thing will also happen to DAI. I remember when some banks like Silvergate went bankrupted like 2 years ago that USDC was depegged, also DAI was also depegged until USDC got back its USD price. That has been the time I do not trust the coin anymore, although we heard that it can not be frozen on noncustodial wallet unlike those USDT and USDC.

Is this information really true? Does anyone have more credible sources? I can't find this information on Cointelegraph and Coindesk. Binance also launched CGPT/USDT perpetual contracts a few days ago. On Binance square, anyone can post whatever they want.
This is very urgent because if this is fake news, then the news author is degenerate but if this is real, every USDT holder can be in trouble. I trade with USDT on exchanges because every pair has a USDT pair and futures trading is only possible with USDT. I sold all of my coins a few days ago and now I hold USDT, I'm in a panic mode but I see that people are calm, USDT hasn't lost its value on the USDT/USD pair.

DAI is great but on centralized exchanges, there are mostly USDC pairs. On Binance there are FDUSD and USDC pairs. Which pair do you suggest to me? Now I have converted all of my assets to USDC. Is FDUSD safe?

https://talkimg.com/images/2024/12/29/Dbcmg.png
Take a look at this, in 1 day, 7 days, and 1 month change, we can see how USDC is increasing in terms of market cap.
But if we can compare, it's still more than x3 of the market cap of USDC against USDT.

I can also see that there is no huge change in the market cap of USDT. This month it started to increase and since last week it is decreasing already but can't see any huge drop after this EU news.

https://talkimg.com/images/2024/12/29/DboDd.png

I think this is because the news came as no particular surprise to people in the EU.

The MiCa framework has been around for quite some time and has also been very well summarized and described by various crypto influencers on YouTube or X. They warned very early on of the implications for USDT should Tether actually fail to comply with the EU's request to provide the required data ... but unfortunately this was also foreseeable, as Tether did not respond at all to the requests.

However, as already mentioned, the EU market probably plays far too small a role for there to be any real impact on USDT!

I would not be trusting much on FDUSD. If you want to convert your USDT, the best options are USDC and Dai. USDC is more safe but still if you want to convert, why not diversify your stable coins portfolio in both USDC and DAI. By the way, if you are not in the EU region, then you can continue using USDT. Also ignore the fud that USDT will depeg. That won't happen for sure.

Good thing about this is that there's going to be less USDT fud for scaring the markets.

But i don't really get why tether didn't do more to obtaining a license as electronic money institution. It's not like this was coming as a surprise for them.

Even i knew about these changes for a long time, so they definitely did see this coming for ages now. Some others have actually bothered to prepare for mica, so what an earth Tether were thinking here? What would they benefit from fighting against compliance?

They are not against conformity, they plan and prepare in their own way. According to the official announcement from Tether, they have invested in StablR, a fully regulated stablecoin provider in Europe. And according to the news, StablE will offer two currencies: EURR and USDR, and they will be Tether's stablecoin in Europe replacing USDT.

The stablecoin market is a lucrative one and Tether is one of the leading companies, they will not easily ignore or give up this piece of the cake to competitors. Additionally, this could also be the reason why the news that USDT will be banned in the EU did not have any negative impact on the market.

https://www.talkimg.com/images/2024/12/30/DDlcN.png
https://tether.io/news/tether-invests-in-stablr-to-promote-stablecoin-adoption-in-europe/

The news is very true and Coinbase has already delisted USDT on the 13th of DEC, according to this report from cointelegraph.

https://cointelegraph.com/news/coinbase-delisting-tether-usdt-stablecoin-europe

USDT is still being traded on Binance and other top exchanges and I believe they're waiting for the deadline to elapse before taking any action. So, if you're living in EU region and you've USDT, it would be wise to swap it to USDC, DAI, RLUSD or other coins to be on a safe side.

this is real and confirmed information, I am switching to USDC  now

calm down if you are not in EU and exchanges are not under EU laws then nothing will change I assume

there will be less USDT pairs, I think exchanges should adapt very quickly

would be great if somebody that is using centralized exchanges in EU (such with KYC) confirm if there are any news about USDT pairs delisting?

as for now I don't see any info about this but I don't use centralized exchanges, received mail from Kraken about withdrawals lately, that as EU lid I will have to comply to new withdrawals regulations

but nothing about delisting USDT pairs

https://talkimg.com/images/2024/12/28/Dgbb2.png

edit

I am just reading now the rest of posts and see that my question was already answered, so yes exchanges start to delist USDT for EU countries


I think besides this that we will start using USDC nothing should change hopefully

PS
last year there was so much talk about "thether fud" and now I read that the EU market is too small for anything to happen to Tether, I hope they are right...

a lot of Tether will be moved to USDC, if they want to stay in the EU market they just have to follow the regulations, other stablecoins like USDC are just waiting to take their place, so the market should be more divided between 2 stablecoins USDT and USDC, which is good in my opinion

only in the EU people will use USDC for now, or are there any risks?

There is a lot of fud being created about this issue in the social media and a lot of people are thinking what would happen after 30 December. This is not something happening overnight. Traders will have around 18 months after 30 December where they can close their positions or convert the USDT pairs into other stablecoins.

By the way, i do think that this 18 months time is too wide. I heard someone saying on twitter that by the end of 18 months, USDT may become MICA Compliant.  :D

Not all exchanges seem to be following the 'rules'. Poloniex has not banned or said they will ban any stablecoins. And they still have USDT as a trading pair. But then again it is an exchange in the Seychelles so there is nothing the EU can say to influence it, really. Especially if you consider all the years Seychelles has been a paradise for exchanges with shady regulatory frameworks.

Banned by the EU, but this doesn’t apply to countries outside the EU. Still, this is a major development, as we’re talking about billions in potential Tether losses due to this ban. The big question now is: which coin will benefit from this ban on EU exchanges? It’s not just about Tether; it’s likely to affect all fiat-backed stablecoins.

While this news is currently limited to EU exchanges, it feels like a global issue, especially with the possibility that the US might follow suit. If that happens, Tether could be phased out, paving the way for a new stablecoin. Hopefully, it won’t be a CBDC, as that would mean full government control, which many in the crypto community are wary of.

Governments are in vacation
This is a fake news
Just ignore it.
Who is in the Government to share a finance news and gavea 4 days eta?
I just ignore that.
No worries

Even if they don’t delist USDT pairs entirely, they may limit access for EU residents by making such pairs non-tradable or invisible for EU IP addresses. While this approach doesn’t enforce full compliance with regulations like MiCA, it serves as a workaround to reduce their exposure to penalties or sanctions.

Of course, VPNs could bypass these restrictions, but using a VPN in such situations is risky. If any issues arise such as withdrawals being flagged Poloniex could freeze the account. From my personal experience, Poloniex is strict about IP policies. I mistakenly accessed my account once using a USA IP address, and they immediately blocked it. To regain access, they required me to log in from my real location and provide additional verification, including proof that no VPN was involved.

This scenario might become common for EU residents if Poloniex enforces restrictions on USDT trading. Even without full KYC, exchanges can implement stringent verification processes to ensure compliance but i doubt it will happen overnight.

It's worth considering the risks before trading on Poloniex or similar exchanges using a VPN, especially if your region isn’t supported. The hassle of account recovery and potential loss of funds could outweigh the benefits.

Coinbase is really anxious to delist their competitors. They did the same thing with WBTC because they want to promote cbBTC. Delisting Tether would benefit their own stablecoin, USDC. As long as it affects their competitors they are happy to please regulators, otherwise they will fight them tooth and nail.

Tether has not yet been ruled non-compliant, so other large exchanges, like Binance, have not followed Coinbase’s lead and delisted it as of yet.

That's not really that much of a big deal because considering we are going to be out of EU that means it would be just way too much money that would be out and that's the most important part. If you keep focusing on that part then you would end up with a lot of problems and that's the key here. I mean if the entire EU is out, then we are going to end up with a lot better approach on the long run without a doubt.

I hope that we could see this changing, but at this point I would say that if the rule stays then we are not going to end up with USDT staying relevant at all. Getting the entire EU out would mean that we are not going to end up with a good result for them and that is why I am feeling like its going to be end of USDT as we know it.

This would actually be a very good workaround for exchanges that are not based in the EU but do not want to get into a regulatory dispute with the EU if they continue to serve EU citizens.
Kraken now also does this for customers from Germany. Listings - such as KAS recently, for example - are either not activated for German customers at all or only after a significant delay. Customers from Germany, for example, are also unable to deposit or withdraw Privacy Coins on Kraken.

---

I would subscribe to the part about VPN in exactly the same way. There are more than enough threads where people's accounts have been completely blocked because they used VPNs. In order to get the funds back, sometimes years of legal disputes with the exchange are necessary. I would never use a VPN here, especially if large sums of money are involved.

You are answering your own question. The crypto exchanges located in the EU will have to abide by the new rules and regulations, but AFAIK, there's no clear deadline for delisting Tether from all EU exchanges.
By the way, have you seen crypto Youtubers lately. Most of them are acting hysterical and spreading FUD and pointless drama about this USDT delisting in the EU. Some of the crypto Youtubers are predicting a major Bitcoin price crash in the next three months. I think that this just FUD drama and BS, but who knows. Anyway, EU isn't the dominant cryptocurrency market and the removal of USDT shouldn't be considered a big deal. There are other stablecoins to replace Tether in Europe.

Bitcointalk is not as fervent in information as before, this is not the first important news that slipped here easily, I just don't reason behind such dwindling firsthand info.

Besides, if not for the attached Binance's square link, I may not believe this news. The USD is facing issues, and if the EU could do this, many other countries might follow, which could include the USD which has been complaining about it. The USDT has been linked to many shady activities and the insincerity of the reserve is one of them, which is why the like of the USDC is gaining more recognition.

I'm not in the EU but won't it liquidate USDT? European countries are rich countries and there are many European customers in the crypto space. I'm afraid I will lose my USD because of USDT. At the moment I bought Bitcoin again and I'm going to hold it for a while.

Is the EU market small? I always assumed that most Bitcoin users were from the EU because many people who regularly post here are from the EU and the US. I am not a fan of USDT, I was using it because I use Binance and Binance has USDT and FDUSD pairs for most coins. I don't want to hold FDUSD because it's Binance's product and I'm afraid one bad news might ruin it, that's why I was always trading with USDT pairs but now as I said, I bought Bitcoin and I'll hold it. If Binance moves from USDT to USDC pairs on spot and futures trading, I'll start using USDC, I think it's much safer than USDT.

wonder why they didn't just try to comply with the MiCA but instead just investing into other stablecoin company.
what's stopping them from being MiCA compliant while USDC can? kinda curious about it. this whole thing just feels strange.

To be honest, that's exactly what I was thinking. There have been various accusations and rumors about Tether and the origin of its funds for years. These rumors could have been put to rest once and for all with the disclosure of the documents required by the EU (among other things, the EU demanded proof of the origin of the funds raised). The fact that this request was not complied with at all and that the company is now considering an investment and thus, as it were, a clean sweep via a new company is probably fueling the rumors again.

In the meantime, however, we are hearing from major European exchanges/brokers such as Bitpanda that they will continue to have USDT in their portfolio until “at least the end of 2025” so that they can continue to trade and pay out USDT.

yeah they just need one thing to make sure all those rumours gone which is proper disclosure and compliance to MiCA and things settled plus everyone will put their trust again to USDT, i feel like i'm in the state of uncertainty right now when deaing with USDT on whether to trust USDT, on the other hand there were many rumours, but I also can't afford to keep using USDC pair on exchange with its weak liquidity so i'm kinda confused.

I guess there's a layer of complexity behind this, maybe complicated bureaucracy that's preventing them to be MiCA compliant.

many EU exchanges are in process of MICA certification but looks like it will be implemented widely not earlier as at the end of 2025 or even later

very important is "travel rule" how deep we will have to check cryptocurrencies we receive and which tools to use (?)

"Opportunities"  ;D ;D ;D yeah like that's going to happen.

I have no pity for Tether, but what the EU is doing, basically amounts to banning stuff it cannot control. Circle is willing to bend over for them, that's why they're OK to continue. I can't imagine DAI continuing to be offered in the EU after this either, because while USDT at least has a company behind it, DAI doesn't.

So the stablecoin market just got monopolized for Circle. Congratulations EU Commission.

Tether had more than enough time to comply, but it seems like they have shifted their compliance policy, and that makes me think that they might been as shady as people seem to think they are.

Bitfinex (company behind tether) also just announced that they are transitioning their derivatives to move under new jurisdiction (El Salvador), and this seems like a middle finger to MICA.

Dai however is issued by decentralized company, so they couldn't even apply for the license that Bitfinex didn't get. I seriously doubt that they get delisted as long as it's in  transparent blockchain. But the fact that it could be delisted and marked as unacceptable asset under travel rule makes me think it's not safe at all.

The shock would rather be for the EU citizens and not a global one, obviously few are exempted. A total number of 27 countries fall under the European Union of which great countries where most of their citizens rely on cryptocurrency will be affected hugely by this act. I disagree they will sit and let the EU Commission make such a decision for them.

It is the new norm for governments these days. When they can't control/regulate a thing they impose sanctions on them.

So some exchanges keep offering USDT trading pairs, even to EU customers.

I thought there was going to be a ban? Obviously this does not hold true for CEXes that are outside the influence of EU regulators. One such an example is Poloniex, which is registered in Seychelles (as far as I know).

Not much changed in EU to be honest, we still can trade on DEXs USDT pairs without VPNs, same with exchanges not many delisted USDT if any at all. I personally haven't heard about any USDT pairs delisting so far,

EU regulated exchanges try to get their MICA approvals. Probably until the end of 2025 not much will change either, looking at information shared by some people related to these EU exchanges.

the ban can't be imposed overnight, it will eventually get delisted, but it takes time, since customer also need time. AFAIK some exchange already put target on when they gonna remove USDT pair and asset altogether to comply with laws, and tether seems conscious enough with it, probably most exchange will remove USDT by 2026. though I have no concrete back up for this statement.

Just happened to look at some of the exchanges I know are regulated/licensed in the EU and they all still have USDT, USDC, etc. No notice received either, so I'm not sure. Too lazy to check but there's usually a grace period, and an early announcement.


I don't know any DEX that's regulated, can you show me one? Really surprised if so!!

Coinbase might have been the first to delist the coin, but it’s still available on other exchanges because of the transition period—it’s still within the allowable timeframe. Maybe those exchanges are just maximizing their opportunity before the deadline.

Here’s the announcement for reference:

https://www.cointribune.com/en/mica-takes-effect-whats-next-for-usdt-in-europe/

They knew for a long time now about the upcoming regulation changes. So it is not really being imposed "overnight" as you say. And a lot of exchanges, especially the big ones, have imposed the ban "overnight". That is to say they had a deadline on the 30th of December 2024 after which they delisted USDT.

They were given ample time to comply with the requirements, but the deadline came, and they still didn’t meet them. That simply means they’re leaving the market sooner. It’s such a waste, considering the size of the market and the fact that they dominate stablecoins. Now, they’re  slowly be gone because of non-compliance. Also, there’s the future risk that other exchanges, possibly not just in the EU, might face similar situations down the line.

I don’t think that this will hook other economic zones, the sanctions that are so popular in recent years are just the progress engine for such a method of calculating as USDT. It looks more like that there will be publicly prohibitions and attempts to regulate and formally used and will use in further. I do not think that such a tool will be able to somehow regulate at the level of large countries for this year.

That speculation might be true or not, but what’s clear is that this is mainly about regulation. If USDT can't comply, then they could face a ban, if I’m not mistaken, though, not all stablecoins are banned from exchanges operating in the EU.

There was also an article from last year suggesting that instead of USDT, they might prefer stablecoins backed by the Euro. It seems they want something that aligns with their interests for use on exchanges. This article might be a bit old, but who knows, there could still be a connection.

 DWS launches JV for first German-regulated euro stablecoin (https://www.reuters.com/markets/currencies/dws-launches-jv-first-german-regulated-euro-stablecoin-2024-07-11/)

I see that 1INCH and other DEX aggregators already block VPN trafffic and don't allow EU IPs to use their services

https://talkimg.com/images/2025/01/16/WUVrz.png

before new year I could easily access 1INCH using VPN and EU countries IPs, right now nothing is working,

https://talkimg.com/images/2025/01/16/WU1Cc.png

so we clearly start to see MICA regulations (restrictions) being implemented  >:(

I am personally not happy about that and worried a lot about "Travel Rule" being soon implemented by exchanges and other services...

this url not found or 404. Any information for valid this news? If it true, so sad becauze I store Usdt in my wallet

Yes this is true and indeed link is not working anymore, it shows 404 error right now

I will leave it in OP as it is because this article was visible once I posted it and information about USDT restrictions in EU countries thanks to MICA regulations are also true only it will take much longer to see it implemented

I advise to read this thread, many members shared a lot of interesting information about this topic.

today we are certain that MICA regulations changed a lot in how we operate on KYC exchanges

USDT is not available on most of them for EU users and "travel rule" is still being implemented

if somebody knows how "travel rule" works exactly and what is considered as high risk, low risk funds would be great to share these details please

where to check such funds, which tools shall we use, what if some funds will be marked as risky once?

Now that Binance have announced that they will delist USDT at the end of this month. I'm beginning to wonder how we proceed from here. USDT is the most integrated stablecoins and is the primary pair for all cryptocurrencies.

Imo, USDT will still remain in DeFi and decentralized applications onchain but for CEX, it's as good as good. Wondering if it would've better for USDT to just settle but at the same time, happy they said f**k you to government and regulations.