Crypto exchange Kraken is considering delisting USDT in the EU.#Bloombergreports this.

The reason is new rules for digital assets in the EU, known as MiCA. Which should come into force in July of this year. The guidelines, which have yet to be finalized by the European Banking Authority, will place restrictions on stablecoins offered to investors in the EU.

Quote from Kraken Global Head of Regulatory Strategy Marcus Hughes:

“We are fully planning for all possible scenarios, including situations where listing specific tokens such as USDT is simply not possible... This is something we are actively considering, and as the position becomes clearer, we will be able to make firm decisions on about this"

When asked to comment on #Kraken's remarks,#Tether(issuer of #USDT) said the firm expects exchanges to "rightfully focus on Euro liquidity for European clients while maintaining USDT as a temporary solution."

Tether also pointed to a statement in which its chief executive officer, Paolo Ardoino, expressed concerns about certain aspects of MiCA's requirements and said the company would continue dialogue with regulators. In April, in an interview with crypto publication The Big Whale, Ardoino said that Tether does not plan to be regulated by MiCA rules in the medium term.

Let us remind you that earlier in March, the#OKXcrypto exchange already announced the delisting of trading pairs with USDT in EU countries. For the same reasons.