Cryptocurrencies

Cryptocurrency exchange Kraken has “no plans” to delist Tether (USDT) in Europe in

Cryptocurrency exchange Kraken has “no plans” to delist Tether (USDT) in Europe at the moment despite a recent report claiming that the company is “actively reviewing” the decision to remain legally compliant.

“Kraken continues to list USDT in Europe and we have no plans to delist at this time,” Mark Greenberg, global head of asset growth and management at Kraken, said in a May 18 post.

The company will continue to follow all legal requirements — even those it doesn’t agree with — Greenberg reiterated. “But the rules have not been finalized yet, and we continue to do everything we can to continue offering all relevant stablecoins to our European customers.”

source: Mark Greenberg

A May 17 article from Bloomberg reported that Kraken is “actively reviewing” its plans to comply with the European Union’s upcoming Markets in Cryptoassets (MiCA) regulatory framework.

“We are fully planning for all eventualities, including situations where specific tokens like USDT cannot be listed,” Marcus Hughes, global head of regulatory strategy at Kraken, said at the time.

“It is something we are actively reviewing, and as the situation becomes clearer, we can make firm decisions on that.”

The rules applicable to stablecoins under MiCA will come into effect on June 30, while the cryptocurrency service provider rules will come into effect six months later on December 30.

Related: Kraken exchange launches a self-custodial cryptocurrency wallet, following other exchange CEX

OKX, one of Kraken’s biggest competitors, made a move to delist USDT in Europe in March.

Binance announced plans to make a similar decision last September – citing the need to comply with MiCA – but the company has yet to follow through on those plans.

Kraken recently ended support for the Monero (XMR) privacy token for its clients in Belgium and Ireland in April.

Meanwhile, the cryptocurrency exchange continued to expand its services in Europe.

It recently obtained virtual asset service provider registration in Spain and the Netherlands, as well as an electronic money institution license in Ireland.

magazine: “Cryptocurrencies are inevitable” so we went to “Everything”: Meet Vance Spencer, Permapool

sh-hakam.com

I am HAKAM web developer. From here you will get a lot of valuable information for free and a call for updates to WordPress and Blogger so that your sites are accepted in Google AdSense and also proper mastery of SEO and the best for the easiest.

Leave a Reply

Your email address will not be published. Required fields are marked *