Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now
Cryptocurrency exchange Kraken has stated it has no intentions to delist Tether (USDT) from its platforms. For European cryptocurrency holders who are used to utilizing USDT for easy trading and transfers, this position is a relief. In this article, MPost wants to explore this recent hot topic.
In a last blog post, Mark Greenberg, Global Head of Asset Growth and Management at Kraken, addressed the rumors about USDT’s possible delisting. Dismissing earlier claims that said the exchange was thinking about delisting USDT, he made it clear that Kraken is still listing the token in Europe and that they do not currently have any intentions to do so.
Greenberg recognized the impending difficulties brought forth by the EU’s Markets in Crypto-Assets (MiCA) rules, which are scheduled to go into force in July 2024. The purpose of these laws is to provide a uniform legal framework that will oversee the European Economic Area’s (EEA) market for digital assets.
Kraken’s stance highlights the delicate balance that crypto exchanges must strike between adhering to evolving regulations and meeting the demands of their user base. The exchange has promised to abide with the law, but it is also actively looking at ways to guarantee that USDT will always be available to its European users.
To help Tether’s cooperation with an EMI and keep the stablecoin in the European market, Kraken might work with an EMI or go through with it themselves. Tether has already voiced concerns about the possible hazards and effects of the MiCA legislation, thus the viability of such agreements is still unclear.
Paolo Ardoino, the CEO of Tether, expressed worries about the rules, claiming that stablecoins subject to EU legislation will be seriously affected. Ardoino used the failure of Silicon Valley Bank and its effects on a significant US stablecoin as an illustration of the possible drawbacks of excessive regulation.
In response to inquiries about how to buy crypto on Kraken, the exchange provides a platform that is easy to use and supports a large selection of digital assets. Consumers have access to a number of funding options for their accounts, such as credit/debit cards and bank transfers.
The position of Kraken crypto news on USDT and other regulatory developments will surely be actively monitored by industry participants as well as fans. Regarding the Kraken crypto review, it can be said that the exchange has a strong track record when it comes to security, liquidity, and a wide variety of supported assets.
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He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.
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He's a seasoned writer known for crafting compelling narratives that engage audiences and drive brand growth. With a keen eye for detail and a passion for storytelling, Kenth excels at turning complex ideas into eye-catching marketing messages.
