Cryptocurrencies Price Prediction: USDT, Crypto & Bitcoin – European Wrap 2 January

The potential impact of delisting USDT in the EU

The cryptocurrency world is buzzing with innovation, investment, and opportunities that continue to reshape how we think about money. At the heart of this revolution is Tether (USDT), a stablecoin that has become a go-to choice for traders, businesses, and everyday users alike. As talks of potentially delisting USDT in the European Union (EU) circulate, it’s worth taking a moment to explore what’s at stake. Spoiler alert: it’s a lot.

China tightens rules on banks to monitor crypto transactions

China enforces stricter rules requiring banks to monitor and report risky crypto transactions, aiming to curb illegal cross-border financial activities.

China has introduced new regulations requiring banks to monitor and report risky foreign exchange and cryptocurrency transactions, aiming to curb illegal cross-border financial activities. The State Administration of Foreign Exchange (SAFE) recently issued a notice instructing banks to track transactions involving underground banking, cross-border gambling, and illegal crypto-related activities.

Syria eyes Bitcoin legalization to revive war-torn economy

Syria plans to legalize Bitcoin and digitize its currency to stabilize its war-torn economy, attract investments, and navigate global financial challenges.

Syria is considering legalizing Bitcoin and digitizing the Syrian pound as part of an ambitious plan to stabilize its war-torn economy and attract global investments. Proposed by the Syrian Center for Economic Research (SCER), the initiative aims to address economic instability, inflation, and financial exclusion through blockchain technology and cryptocurrency adoption.