繫繩，數字歐元和雲母法規：紐約的觀點

分析繫繩對數字歐元和雲母法規的立場。了解歐洲加密貨幣的挑戰和未來。

Europe's crypto landscape is heating up! With the Digital Euro on the horizon and MiCA regulations rolling out, things are getting interesting. Let's dive into Tether's role in all this.

歐洲的加密景觀正在加熱！隨著數字歐元即將到來，雲母法規正在推出，事情變得越來越有趣。讓我們在所有這一切中探討繫繩的作用。

Tether's CEO Sounds Off

繫繩的首席執行官聽起來很失望

Paolo Ardoino, Tether's CEO, isn't holding back. He's openly criticized the European Central Bank's (ECB) Digital Euro project, and his sarcasm is hard to miss. Calling it a gift that “Santa will bring,” Ardoino's highlighting the tension between private stablecoins like USDT and government-backed digital currencies (CBDCs).

繫繩首席執行官Paolo Ardoino並沒有退縮。他公開批評歐洲中央銀行（ECB）的數字歐元項目，他的諷刺很難錯過。 Ardoino稱其為“聖誕老人會帶來的禮物”，強調了USDT等私人穩定幣與政府支持的數字貨幣（CBDCS）之間的緊張關係。

MiCA's Rocky Start

雲母的岩石開端

The Markets in Crypto-Assets (MiCA) framework, effective since December 2024, aimed to bring uniformity to crypto regulations across the EU. But it's facing headwinds. Regulators in France, Austria, and Italy have voiced concerns about inconsistent enforcement. They worry crypto firms might exploit loopholes by choosing friendlier jurisdictions, potentially harming investors and undermining Europe's competitiveness.

自2024年12月以來生效的加密資產（MICA）框架的市場旨在為整個歐盟的加密法規帶來統一性。但這是面對逆風。法國，奧地利和意大利的監管機構對執法不一致表示擔憂。他們擔心加密公司可能會通過選擇更友好的司法管轄區，可能損害投資者並破壞歐洲的競爭力來利用漏洞。

Tether's Resistance

繫繩的阻力

Tether's been hesitant to engage with MiCA, which imposes strict rules on stablecoin issuers. These rules include full reserve backing with liquid assets, caps on daily transactions, and holding significant reserves with EU banks. A key sticking point is the demand for independent audits of reserves, something Tether hasn't done since 2017. Ardoino argues MiCA might create more risks than benefits, leading Tether to operate outside its scope. While Coinbase, Kraken, and Bybit are securing MiCA approvals, Tether remains firm.

Tether一直不願與MICA互動，該MICA對Stablecoin發行人施加了嚴格的規定。這些規則包括提供流動資產，每日交易的上限以及與歐盟銀行持有的大量儲備的全部儲備支持。一個關鍵的關鍵點是對儲備的獨立審核的需求，Tether自2017年以來就沒有做過。 Ardoino認為MICA可能會產生更多的風險，而不是收益，導致Tether在其範圍之外運作。儘管Coinbase，Kraken和Bybit正在確保云母批准，但Tether仍然堅定。

The Audit Issue: A Red Flag?

審計問題：危險信號？

Consumer advocates are raising eyebrows at Tether's lack of a full independent audit, calling it a “distressing red flag.” Ardoino has cited the reputational risks faced by auditors after FTX and other scandals, making it difficult to secure a top-tier firm. But critics aren't convinced.

消費者的擁護者正在為Tether缺乏完整的獨立審核而引起人們的注意，稱其為“令人沮喪的危險信號”。 Ardoino列舉了FTX和其他醜聞之後審計師面臨的聲譽風險，這使得很難確保一家頂級公司。但是批評家並不相信。

USAT: Tether's New US Stablecoin

USAT：繫繩的新美國Stablecoin

Meanwhile, Tether isn't standing still. They're launching a new US stablecoin, USAT, led by CEO Bo Hines. This move signals continued expansion and innovation despite regulatory challenges in Europe.

同時，系ther不動。他們正在推出由首席執行官Bo Hines領導的新的美國Stablecoin USAT。儘管在歐洲面臨監管挑戰，但此舉表明儘管有監管挑戰，但仍在繼續擴張和創新。

My Take

我的看法

Here's my two cents: Ardoino's skepticism is a wake-up call. Europe needs to strike a balance between innovation, investor protection, and competitiveness. MiCA's uneven rollout and Tether's resistance show there's work to be done. It's like trying to parallel park in Manhattan – tricky, but not impossible. The core issue is the differing supervisory interpretations that are being rolled out across the EU member states. If the EU is unable to provide supervisory consistency across the board, the MiCA framework may fall short of its intended purpose.

這是我的兩分錢：阿多利奧的懷疑是一個叫醒電話。歐洲需要在創新，投資者保護和競爭力之間取得平衡。雲母的推出和繩索的阻力表明有工作要做。這就像試圖在曼哈頓平行公園 - 棘手，但並非不可能。核心問題是歐盟成員國正在推出的不同監督解釋。如果歐盟無法全面提供監督一致性，則云母框架可能沒有預期的目的。

Looking Ahead

展望未來

All eyes are on the EU's nine-month status update on MiCA. Will they address the concerns raised by national regulators? Can Europe create a crypto-friendly environment without compromising investor safety? Only time will tell.

所有人的目光都關注歐盟關於雲母的九個月狀態更新。他們會解決國家監管機構提出的擔憂嗎？歐洲可以在不損害投資者安全的情況下創造一個對加密友好的環境嗎？只有時間會證明。

So, buckle up, crypto enthusiasts! The ride's just beginning. And who knows, maybe Santa will bring us all a Digital Euro… eventually. 😉

因此，搭扣，加密愛好者！這次旅程才剛剛開始。誰知道，也許聖誕老人最終會給我們帶來數字歐元。 😉