🔍Crypto exchange Kraken is mulling over delisting Tether (USDT) in the EU due to the upcoming Markets in Crypto-Assets Regulation (MiCA). The new rules, kicking in from June 30, 2024, impose strict transaction limits & reserve requirements for stablecoins. 🏦💶

🤔Tether's CEO, Paolo Ardoino, isn't a fan of these regulations, especially the 60% cash reserves requirement. Meanwhile, Kraken's global head of regulatory strategy, Marcus Hughes, confirmed they're reviewing their support for Tether. 🔄🔍

📉Other exchanges like OKX have already delisted Tether in the European Economic Area in anticipation of MiCA. This echoes a wider trend of exchanges tweaking their listings to align with new regulations. 🌍📊

💡In a nutshell, Kraken's potential delisting of Tether could reshape the European crypto market. As MiCA's rollout looms, the stablecoin landscape in Europe is poised for a dramatic shift. Exchanges must tread carefully to keep serving their customers effectively. 🔄🌐🚀