随着交易所报告转向法定交易，欧盟加密货币规则收紧

据彭博社 12 月 20 日报道，随着交易所准备全面实施欧盟即将出台的加密货币法规

Major cryptocurrency exchanges are preparing for the full implementation of the European Union’s forthcoming crypto regulations, which are also creating concerns around potential liquidity disruptions, Bloomberg News reported on Dec. 20.

据彭博社 12 月 20 日报道，主要加密货币交易所正在为全面实施欧盟即将出台的加密货币法规做准备，这也引发了人们对潜在流动性中断的担忧。

The new rules, which come into effect on Dec. 30, will require EU-regulated platforms to de-list Tether’s (USDT) token. As the most used global stablecoin, Tether is not covered by existing EU crypto regulations, which apply to stablecoins like Bitcoin.

新规则将于 12 月 30 日生效，将要求欧盟监管的平台下架 Tether (USDT) 代币。作为全球使用最广泛的稳定币，Tether 不受现有欧盟加密货币法规的约束，该法规适用于比特币等稳定币。

To improve transparency and prevent illicit financial activities, Mica ensures that stablecoin issuers incur high licensing costs, pile up reserves, and are forbidden from handling payment transactions. Since Tether Limited has refused to attain the necessary license, exchanges operating in the EU have taken this as an action to remove USDT from their offerings.

为了提高透明度并防止非法金融活动，Mica 确保稳定币发行者承担高昂的许可成本、积累储备金，并被禁止处理支付交易。由于 Tether Limited 拒绝获得必要的许可，在欧盟运营的交易所已将此视为从其产品中删除 USDT 的行动。

USDT plays a crucial role in market liquidity. It is a major force and the dominant currency globally in crypto trading pairs. The stablecoin’s imminent disappearance from the EU market is expected to disrupt trading activities and inflate costs for investors who rely on the stablecoin to facilitate efficient fund transfers.

USDT 在市场流动性方面发挥着至关重要的作用。它是全球加密货币交易对中的主要力量和主导货币。稳定币即将从欧盟市场消失，预计将扰乱交易活动，并增加依赖稳定币促进高效资金转移的投资者的成本。

Exchanges Report Shift to Fiat Trading as EU Crypto Rules Tighten

随着欧盟加密规则收紧，交易所报告转向法定交易

One of the exchanges that delisted Tether’s USDT in Europe earlier this year, OKX, has noted that users are increasingly pivoting to fiat trading pairs. The adaptation leaves open the question of liquidity and concerns about the potential trade fragmentation among platforms.

今年早些时候在欧洲下架 Tether USDT 的交易所之一 OKX 指出，用户越来越多地转向法定交易对。这一调整留下了流动性问题和对平台之间潜在贸易碎片化的担忧。

As the European Union’s firm regulatory approach toward the Markets in Cryptoassets (MiCA) framework gathers pace, the market sentiment has only been boosted by the United States’s increasingly pro-crypto direction under President-elect Donald Trump.

随着欧盟对加密资产市场（MiCA）框架采取严格监管措施的步伐加快，美国当选总统唐纳德·特朗普（Donald Trump）领导下日益支持加密货币的方向提振了市场情绪。

MiCA is intended to enhance transparency and dissuade ill-gotten activities, but critics say that the measures could drive traders and liquidity providers to jurisdictions with laxer rules. Europe is pulling up its clothing for dangerous insurance against loose crypto, but analysts claim that this strategy could hit the continent’s aspirations on a globally competitive market.

MiCA 旨在提高透明度并阻止不正当活动，但批评人士表示，这些措施可能会迫使交易者和流动性提供者转向规则更宽松的司法管辖区。欧洲正在为应对松散的加密货币做好危险的保险准备，但分析师声称，这一策略可能会打击欧洲大陆在全球竞争市场上的抱负。

Tether is further teaming up with blockchain intelligence platform TRM Labs and layer-1 network Tron (TRX) to improve its security and create the ‘T3 Financial Crime Unit.’ The initiative will see transactions on the Tron network being scanned to freeze illicit USDT transactions — a signal of Tether’s initiative to thwart financial crime in the digital asset space.

Tether 正在进一步与区块链情报平台 TRM Labs 和第一层网络 Tron (TRX) 合作，以提高其安全性并创建“T3 金融犯罪部门”。该计划将扫描 Tron 网络上的交易，以冻结非法 USDT 交易，这是 Tether 旨在阻止数字资产领域金融犯罪的举措的一个信号。

Crypto Ownership Surges in Eurozone Amid Decline in Venture Investment

在风险投资下降的情况下，欧元区的加密货币所有权激增

Meanwhile, the European Central Bank said that there was a dramatic surge in eurozone crypto ownership, with some 9% of the population now owning digital assets, which is more than double the figure achieved last year.

与此同时，欧洲央行表示，欧元区加密货币拥有量急剧增加，目前约 9% 的人口拥有数字资产，是去年数字的两倍多。

The flux in the future of crypto and decentralization is compounded by the fact that venture capital investment into European crypto startups has slumped to the lowest level in four years.

由于对欧洲加密初创公司的风险投资已降至四年来的最低水平，加密货币和去中心化未来的变化更加复杂。

While the EU’s new regulations are designed to reinforce market stability and transparency, their next effect on liquidity and investor sentiment might impede the bloc’s capacity to take up the slack with important discussions of Bitcoin and the quickly developing digital asset scene.

尽管欧盟的新法规旨在加强市场稳定性和透明度，但它们对流动性和投资者情绪的下一步影响可能会阻碍欧盟通过对比特币和快速发展的数字资产场景进行重要讨论来填补空缺的能力。

Its effect can be seen in the USDT delisting by some of the biggest cryptocurrency exchanges in Europe. By the December 30, 2024, deadline, exchanges and stablecoin issuers within the European Union are taking proactive steps towards compliance and reshaping the European stablecoin landscape.

从欧洲一些最大的加密货币交易所下架 USDT 就可以看出其影响。截至 2024 年 12 月 30 日截止日期，欧盟境内的交易所和稳定币发行机构正在采取积极措施实现合规并重塑欧洲稳定币格局。

They are advised to stay on top of these developments and possibly switch to MiCA-compliant stablecoins to ride the changing regulatory environment smoothly.

建议他们密切关注这些发展，并可能转向符合 MiCA 的稳定币，以顺利应对不断变化的监管环境。