{"id":31074,"date":"2024-05-21T05:11:02","date_gmt":"2024-05-21T05:11:02","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/kraken-stands-firm-on-usdt-despite-mica-regulation-changes\/"},"modified":"2024-05-21T05:11:02","modified_gmt":"2024-05-21T05:11:02","slug":"kraken-stands-firm-on-usdt-despite-mica-regulation-changes","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/kraken-stands-firm-on-usdt-despite-mica-regulation-changes\/","title":{"rendered":"Kraken Stands Firm on USDT Despite MiCA Regulation Changes"},"content":{"rendered":"<p><b>(Originally posted on : Crypto News &#8211; iGaming.org )<\/b><br \/>\n<\/p>\n<div>\n<p>Exchanges for cryptocurrencies are negotiating the upcoming Markets in Crypto Assets (MiCA) legislation, which has sparked discussions about stablecoin policies. The San Francisco-based cryptocurrency exchange Kraken has stated that it will continue to support USDT for its European clients in spite of this.<\/p>\n<p>According to Kraken\u2019s global head of asset growth and management business, Mark Greenberg, the stablecoin \u201ccontinues to list USDT in Europe\u201d and the company has \u201cno plans to <a href=\"https:\/\/igaming.org\/crypto\/kraken-reviews-usdt-delisting-in-europe\/\">delist\u201d<\/a> it. Greenberg summarized Kraken\u2019s attempts to comply with impending laws and stressed the importance of USDT to European consumers. MiCA offers serious obstacles for Tether as it sets tight rules, such as capping daily transaction values at less than 200 million euros ($217.6 million).<\/p>\n<p>However, Greenberg reassured that Kraken will adhere to all regulations once they are finalized. He stressed, <em>\u201cthe rules are not finalized yet\u201d and affirmed the exchange\u2019s commitment to \u201ccontinue to do everything we can to offer all relevant stablecoins to our European customers.\u201d<\/em><\/p>\n<h2>Preparing for MiCA<\/h2>\n<p>Kraken\u2019s stance follows comments from Marcus Hughes, Kraken\u2019s global head of regulatory strategy, who mentioned that the company is \u201cactively reviewing\u201d its Tether movements in light of MiCA. Hughes highlighted, <em>\u201cWe\u2019re absolutely planning for all eventualities, including situations where it\u2019s just not tenable to list specific tokens such as USDT.\u201d<\/em><\/p>\n<p>In contrast, other exchanges are already taking steps to delist USDT to align with MiCA. For instance, Okx is phasing out USDT-based pairs to enhance compliance with European regulations.<\/p>\n<div class=\"main-org-3-item-ins box-100 relative mb-4\">\n<div class=\"space-org-3-items box-100 relative\">\n<div class=\"box-100 space-org-3-item relative border-tb mt-1 \">\n<div class=\"space-org-3-item-ins box-100 relative\">\n<div class=\"space-org-3-item-terms box-25 relative\">\n<div class=\"space-org-3-item-terms-ins box-100 text-center relative\"> <strong>5BTC or 111% + 111 Free Spins!<\/strong> <\/p>\n<p>New players only. Exclusive 111% Welcome Bonus + 111 Free Spins<\/p>\n<\/p><\/div>\n<\/p><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div><\/div>\n<p><a href=\"https:\/\/igaming.org\/crypto\/kraken-stands-firm-on-usdt-despite-mica-regulation-changes\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Crypto News &#8211; iGaming.org ) Exchanges for cryptocurrencies are negotiating the upcoming Markets in Crypto Assets (MiCA) legislation, which has sparked discussions about stablecoin policies. The San Francisco-based cryptocurrency exchange Kraken has stated that it will continue to support USDT for its European clients in spite of this. According to Kraken\u2019s [&hellip;]<\/p>\n","protected":false},"author":35,"featured_media":31075,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31074"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/35"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=31074"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/31074\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/31075"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=31074"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=31074"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=31074"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}