Kraken is considering the end of the USDT support in the EU

• reports that Kraken is considering withdrawing support for the StableCoin USDT in Europe.
• The plans of the stock exchange are against the background of the efforts to comply with the EU cryptocurrency regulations Mica.
• The okx crypto tour has stopped in March.

octopus is considering a step that would lead to the crypto exchange ended its support for the Tether (USDT) stable in Europe.

in a Bloomberg report published on Friday, May 17th, it was pointed out that the crypto exchange" actively checked ".

octopuses the decoration of USDT is considering the mica rules of the EU

according to the Report Kraken the end of the USDT support for the market before the markets of the markets in Crypto-Assets (Mica) regulation in the region.

The delisting of USDT for the EU users of the stock exchange is part of the compliance process.

crypto exchanges and other providers with branches in the EU know that the stable coin rules of the mica will come into force on June 30, 2024. The comprehensive regulatory framework also includes rules for cryptocurrency service providers - these will come into force on December 30, 2024.

Kraken plans "absolutely for all eventualities," said Marcus Hughes, global director of the regulatory strategy of the stock exchange, to Bloomberg. The official added that the crypto platform would take a clear position in due course.

If this step dares, Kraken Okx will join, which in March the support for USDT trade pairs will have stopped on its European platform.

Tether is currently the world's largest stable coin with a market capitalization of over $ 110 billion and accounts for $ 68.7 % of the 160 billion dollar market. According to the data from Coingecko, USt is currently available on 347 stock exchanges.