Kraken will delist Tether USDT and other stablecoins in Europe to comply with MiCA regulations

From Cointelegraph
February 01, 2025 05:44 AM:

Kraken, a popular cryptocurrency exchange, is set to delist Tether’s USDT and four other stablecoins in Europe as part of efforts to comply with MiCA regulations. The delisting will be done in phases to minimize any disruptions in the market.

This move comes as Kraken aims to adhere to regulatory requirements, with MiCA regulations being a key factor in the decision to delist certain stablecoins. The exchange is taking a proactive approach to ensure compliance and maintain a smooth operation for its users in Europe.

Kraken’s decision to delist Tether’s USDT and other stablecoins highlights the increasing scrutiny and regulation faced by the cryptocurrency industry. By following MiCA guidelines, the exchange is positioning itself to operate within the legal framework and address any potential concerns related to stablecoin usage.

Read more at Cointelegraph: Kraken to delist Tether USDT, 4 other stablecoins in Europe