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Cryptocurrency exchange Kraken has “no plans” to delist Tether (<a href="https://cointelegraph.com/tether-price-index">USDT</a>)&nbsp;in Europe at the moment despite a recent report claiming the firm was “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,” <a href="https://x.com/marklg/status/1791912544216433004" target="_blank" rel="noopener nofollow">stated</a> Mark Greenberg, global head of asset growth and management at&nbsp;Kraken, in a May 18 X post.
The firm will continue to follow all legal requirements — even those that it disagrees with — Greenberg iterated. “But the rules are not finalized yet and we continue to do everything we can to continue to offer all relevant stablecoins to our European customers.”
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 Source: <a href="https://x.com/marklg/status/1791912544216433004" target="_blank" rel="noopener nofollow">Mark Greenberg</a>
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A May 17 article from Bloomberg reported Kraken was “actively reviewing” <a href="https://cointelegraph.com/news/kraken-considers-dropping-usdt-europe-new-regulations">plans to comply</a> with the European Union’s upcoming <a href="https://cointelegraph.com/learn/markets-in-crypto-assets-regulation-mica">Markets in Crypto-Assets Regulation</a> (MiCA) framework.
“We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT,” said Marcus Hughes, global head of regulatory strategy at&nbsp;Kraken, at the time. 
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 “It’s something that we’re actively reviewing, and as the position becomes clearer, we can take firm decisions on that.”
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The rules applicable to stablecoins under MiCA will come into force on June 30, while cryptocurrency service provider rules will take effect six months later on Dec. 30.
Related: <a href="https://cointelegraph.com/news/kraken-exchange-self-custody-crypto-wallet-following-other-cexs">Kraken exchange rolls out self-custody crypto wallet, following other CEXs</a>
One of Kraken’s biggest competitors, OKX, <a href="https://cointelegraph.com/news/okx-delists-usdt-pairs-tether-europe">made the move to delist</a>&nbsp;USDT in Europe in March.
Binance announced plans to make a similar decision last September, citing a need to <a href="https://cointelegraph.com/news/binance-delist-stablecoins-in-europe-mica-compliance">comply with MiCA</a>,&nbsp;but the firm hasn’t followed through with those plans yet. 
Kraken recently ended support for the Monero (<a href="https://cointelegraph.com/xmr-price-index">XMR</a>)&nbsp;privacy token for its Belgium and Ireland customers in April. 
Meanwhile, the crypto exchange has continued to expand its services in Europe. 
It recently secured a <a href="https://cointelegraph.com/news/kraken-secures-vasp-registration-netherlands">virtual asset service provider</a> registration in Spain and the Netherlands, as well as an <a href="https://cointelegraph.com/news/kraken-secures-money-license-registrations-spain-ireland">electronic money institution</a> license in Ireland.
Magazine:&nbsp;<a href="https://cointelegraph.com/magazine/crypto-inevitable-all-in-meet-vance-spencer/">‘Crypto is inevitable’ so we went ‘all in’: Meet Vance Spencer, permabull</a>

Crypto exchange Kraken has ‘no plans’ to delist USDT in Europe for now

Cointelegraph

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