Kraken's Evaluation of Removing USDT Support in the EU Amid New MiCA Regulations
Saturday, 18 May 2024, 09:32
Kraken Considers Removing USDT Support in the EU
Kraken is evaluating various scenarios in Europe and may delist USDT if compliance becomes unsustainable. The exchange is closely monitoring European regulatory positions to align with the forthcoming MiCA rules.
Stablecoin Guidelines by European Banking Authority
Since last year, EBA has advised stablecoin issuers to adhere to preliminary guidelines. The uncertainty surrounding these guidelines has prompted exchanges like Kraken and OKX to reevaluate their support for USDT.
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