Kraken ‘Actively Reviewing’ USDT Suspension in EU Amid MiCA Regulation

Kraken considers delisting USDT stablecoin in the European Union



Cryptocurrency exchange Kraken is evaluating the potential suspension of the USDT stablecoin for its European users, according to a Bloomberg report. This consideration arises as the European Union prepares to implement a new regulatory framework for digital assets in July.



The impending Markets in Crypto Assets (MiCA) regulations, which have not yet been finalized by the European Banking Authority, are expected to impose stringent restrictions on stablecoins available to European investors. Kraken’s global head of regulatory strategy, Marcus Hughes, stated, “We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT.”



Tether's Response



Tether officials anticipate that exchanges will pr


First found on: Cryptonews from Coinatory