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Nonetheless, Tether refuted JPMorgan’s arguments and stated the agency stays optimistic about how MiCA will affect the business in the long run. “We acknowledge that the results of those laws, which is able to affect each stablecoin issuer, will unfold step by step. Nonetheless, sure elements of the regulation current challenges that would complicate the position of stablecoin issuers and enhance the operational dangers for EU-licensed stablecoins. Tether firmly believes that stablecoin laws should guarantee security enhancements reasonably than posing systemic dangers,” a Tether spokesperson instructed CoinDesk in a press release.
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