Kraken, one of the leading cryptocurrency exchanges, has announced that it will continue to support Tether (USDT) in Europe despite the increasing regulatory uncertainty. Kraken assured that “for the present” the leaders of the company have no intention to make USDT withdrawal or delisting.
The European Union approving the MiCA framework requires Kraken to observe and adjust its strategies to comply with the new regulation. Marcus Hughes, Kraken’s Global Head of Regulatory Strategy, highlighted that its preparations are designed to fit every emerging need, including the impossibility of listing certain assets like USDT.
Also Read: Kraken Actively Reviewing Tether Amid New EU Crypto Rules
Additionally, Kraken is strengthening its regulatory by acquiring TradeStation Crypto. Along with its regulatory extension, Kraken has come down to the final stages of marking its European headquarters, whether in France or Ireland, where its base camp will be located.
