Kraken, a major cryptocurrency exchange, has no plans to delist Tether (USDT) in Europe despite earlier reports of potential delisting for legal compliance.
Mark Greenberg, Kraken’s global head of asset growth and management, confirmed in a May 18 X post that the exchange will continue listing USDT and remains committed to complying with all legal requirements, even those it disagrees with.
On May 17, Bloomberg reported that Kraken was actively reviewing its compliance strategy with the EU’s upcoming MiCA regulations. Marcus Hughes, Kraken’s global head of regulatory strategy, mentioned planning for potential delisting, including tokens like USDT.
Marcus Hughes Said, “We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT.”
The new MiCA rules for stablecoins will take effect on June 30, with broader cryptocurrency service provider regulations following on December 30. Kraken’s competitor, OKX, delisted USDT in Europe in March, and Binance announced similar plans last September but has yet to act on them.
In April, Kraken ended support for Monero (XMR) for its customers in Belgium and Ireland. Despite these changes, Kraken continues to expand in Europe, recently securing registrations and licenses in Spain, the Netherlands, and Ireland.
Kraken’s decision to retain USDT listing reflects a strategic approach to regulatory compliance amid evolving cryptocurrency regulations in Europe.
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