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In the words of Mark Greenberg, Kraken’s global head of asset growth and management, “Let's be clear: Kraken continues to list USDT in Europe and we have no plans to delist at this time. We know our European clients value access to USDT and we continue to look at all options to offer USDT under the upcoming regime.
Crypto exchange Kraken has confirmed that it has no plans to remove Tether (USDT) from its European listings.
Earlier, a Bloomberg report from May 17 indicated that Kraken was evaluating its compliance strategy with the new MiCA framework. Kraken's global head of regulatory strategy, Marcus Hughes, mentioned that they are preparing for all possible scenarios, including the potential need to delist certain tokens like USDT. He noted that the situation is still under review and decisions will be made as regulatory clarity improves.
But recently, Mark Greenberg stated that Kraken will continue to list USDT in Europe and has no current plans to delist the stablecoin. He acknowledged the importance of USDT for their European clients and emphasized that Kraken is exploring all options to maintain access to USDT under the forthcoming regulatory framework.
Greenberg affirmed Kraken's commitment to complying with all legal requirements, even those the company disagrees with. He noted that the Markets in Crypto-Assets Regulation (MiCA) are yet to be finalized. Moreover, he reiterated that the company is dedicated to offering relevant stablecoins to its European customers.
That said, other exchanges have already made moves in response to MiCA. OKX delisted USDT in Europe in March. Likewise, Binance announced similar plans last September, though it has not yet acted on them. As for Kraken, the San Francisco-based exchange recent;y ended support for the Monero (XMR) privacy token for customers in Belgium and Ireland.
MiCA's stablecoin regulations will come into effect on June 30, with broader rules for cryptocurrency service providers following on December 30.