Tether's CEO, Paolo Ardoino, has expressed concerns about the European Union's crypto asset market regulation, known as MiCA. He believes that the regulation contains several problematic requirements that could complicate the work of stablecoin issuers and make EU-approved stablecoins vulnerable to operational risks.

Ardoino emphasized the importance of further discussions on technical implementation standards to clarify certain provisions for the market. He believes that the regulation's requirements, such as obtaining an Electronic Money Institution (EMI) license, could be problematic for stablecoin issuers. Under MiCA's rules, issuers must have an EMI license to become a regulated stablecoin provider in the EU.

Ardoino revealed that Tether has had extensive contact with its European exchange trading counterparts regarding these requirements. This includes requirements related to the continued listing of USDt and other Tether tokens, as well as interpretations of key regulatory provisions. He believes that it is crucial to clarify these provisions to ensure the smooth operation of the market.

The regulation's requirements could have significant implications for the stablecoin market, particularly for issuers like Tether. Ardoino believes that it is essential to work with regulatory bodies to ensure that the requirements are practical and do not create unnecessary barriers to entry.

In conclusion, Tether's CEO has raised concerns about the EU's crypto asset market regulation, MiCA. He believes that the regulation contains several problematic requirements that could complicate the work of stablecoin issuers and make EU-approved stablecoins vulnerable to operational risks. Ardoino emphasized the importance of further discussions on technical implementation standards to clarify certain provisions for the market.