Regulation
Kraken Remains Firm on Tether Support Amid Regulation
Kraken, a leading cryptocurrency exchange, has announced that it will continue to support Tether (USDT) in Europe despite growing regulatory uncertainty. Kraken assured that “for the moment” the company’s top management has no intention of proceeding with the withdrawal or delisting of the USDT.
Source:Kraken
The European Union that approves the MiCA framework is Kraken to observe and adapt their strategies to comply with the new regulation. Marcus Hughes, global head of regulatory strategy at Kraken, stressed that his preparations are designed to accommodate every emerging need, including the inability to list certain assets such as USDT.
Additionally, Kraken is strengthening its regulation by acquiring TradeStation Crypto. Along with its regulatory expansion, Kraken has reached the final stages of establishing its European headquarters, both in France and Ireland, where it will have its base camp.