Kraken may delist USDT in the EU to comply with EU MiCA regulations.

Tether CEO Paolo Ardoino has criticized the European regulation, saying that the company has no intention of complying with MiCA. Specifically, Ardoino mentioned the requirement that 60% of stablecoin reserves must be held as deposits in multiple banks but very few banks in Europe accept this type of business, which has been difficult to obtain. a bank!

OKX also limited USDT functionality in the EU earlier this year.