The post Kraken Backtracks on Delisting USDT in Europe to Prioritize Users Preference appeared on BitcoinEthereumNews.com.

Kraken’s asset management head, Mark Greenberg, confirms that USDT will remain listed in Europe. The statement contrasts an earlier one from Kraken’s head of regulatory strategy. Greenberg noted Krakens’ European clients have a high preference for USDT and will therefore honor the preference. Mark Greenberg, the global head of Kraken’s asset management business, has clarified that the exchange will continue to list Tether’s USDT stablecoin in Europe, stressing that there are no plans to delist it now.   Greenberg made this remark in a May 18 post on his X social media account. The clarification comes after Coin Edition reported that Kraken is considering delisting USDT stablecoin from its European platform.  During a recent interview, Marcus Hughes, Kraken’s global head of regulatory strategy, confirmed the delisting likelihood. Hughes noted the action would be based on the upcoming MiCA regulations from the European Union. In his words: “We’re absolutely planning for all eventualities, including situations where it’s just not tenable to list specific tokens such as USDT. It’s something that we’re actively reviewing, and as the position becomes clearer.” Contrary to Hughes’ earlier suggestion, Greenberg has disclosed Kraken’s commitment to its European clients. Greenberg noted its European clients have a high preference for USDT. As such, the exchange will continue to explore all options for offering USDT under the upcoming regulatory regime. Let’s be clear: @krakenfx continues to list USDT in Europe and we have no plans to delist at this time. We know our European clients value access to USDT and we continue to look at all options to offer USDT under the upcoming regime. We will of course follow all legal… — Mark Greenberg (@marklg) May 18, 2024 Furthermore, Greenberg emphasized that while Kraken will adhere to all legal obligations, even those it may not agree with, the regulations concerning…

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Filed under: News - @ May 19, 2024 4:16 pm