系绳，数字欧元和云母法规：纽约的观点

分析系绳对数字欧元和云母法规的立场。了解欧洲加密货币的挑战和未来。

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.

欧洲的加密景观正在加热！随着数字欧元即将到来，云母法规正在推出，事情变得越来越有趣。让我们在所有这一切中探讨系绳的作用。

Tether's CEO Sounds Off

系绳的首席执行官听起来很失望

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).

系绳首席执行官Paolo Ardoino并没有退缩。他公开批评欧洲中央银行（ECB）的数字欧元项目，他的讽刺很难错过。 Ardoino称其为“圣诞老人会带来的礼物”，强调了USDT等私人稳定币与政府支持的数字货币（CBDCS）之间的紧张关系。

MiCA's Rocky Start

云母的岩石开端

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月以来生效的加密资产（MICA）框架的市场旨在为整个欧盟的加密法规带来统一性。但这是面对逆风。法国，奥地利和意大利的监管机构对执法不一致表示担忧。他们担心加密公司可能会通过选择更友好的司法管辖区，可能损害投资者并破坏欧洲的竞争力来利用漏洞。

Tether's Resistance

系绳的阻力

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一直不愿与MICA互动，该MICA对Stablecoin发行人施加了严格的规定。这些规则包括提供流动资产，每日交易的上限以及与欧盟银行持有的大量储备的全部储备支持。一个关键的关键点是对储备的独立审核的需求，Tether自2017年以来就没有做过。Ardoino认为MICA可能会产生更多的风险，而不是收益，导致Tether在其范围之外运作。尽管Coinbase，Kraken和Bybit正在确保云母批准，但Tether仍然坚定。

The Audit Issue: A Red Flag?

审计问题：危险信号？

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.

消费者的拥护者正在为Tether缺乏完整的独立审核而引起人们的注意，称其为“令人沮丧的危险信号”。 Ardoino列举了FTX和其他丑闻之后审计师面临的声誉风险，这使得很难确保一家顶级公司。但是批评家并不相信。

USAT: Tether's New US Stablecoin

USAT：系绳的新美国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.

同时，系ther不动。他们正在推出由首席执行官Bo Hines领导的新的美国Stablecoin USAT。尽管在欧洲面临监管挑战，但此举表明尽管有监管挑战，但仍在继续扩张和创新。

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.

这是我的两分钱：阿多利奥的怀疑是一个叫醒电话。欧洲需要在创新，投资者保护和竞争力之间取得平衡。云母的推出和绳索的阻力表明有工作要做。这就像试图在曼哈顿平行公园 - 棘手，但并非不可能。核心问题是欧盟成员国正在推出的不同监督解释。如果欧盟无法全面提供监督一致性，则云母框架可能没有预期的目的。

Looking Ahead

展望未来

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.

所有人的目光都关注欧盟关于云母的九个月状态更新。他们会解决国家监管机构提出的担忧吗？欧洲可以在不损害投资者安全的情况下创造一个对加密友好的环境吗？只有时间会证明。

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，加密爱好者！这次旅程才刚刚开始。谁知道，也许圣诞老人最终会给我们带来数字欧元。 😉