Kraken Considers Delisting Tether Ahead of EU's MiCA Regulations
Kraken may drop Tether's USDT in Europe due to impending MiCA regulations, amid regulatory scrutiny and compliance uncertainties.

Kraken may drop Tether's USDT in Europe due to impending MiCA regulations, amid regulatory scrutiny and compliance uncertainties.
Explore the pivotal role of the European Union's MiCA framework in shaping the future of crypto regulation. Dive into the details of the EBA's public hearing and the comprehensive guidelines set for Asset-Referenced Tokens (ART), highlighting the EU's commitment to fostering a transparent and stable digital asset market.
It will implement MiCA in December 2025, six months ahead of the deadline.
ESMA seeks feedback on MiCA regulations focusing on sustainability and transparency.
Originally proposed in 2020, MiCA will likely only be effected in 2024.
On October 10, 2022, the European Parliament Committee approved The MiCA bill and the European Parliament also voted on the TFR.
The regulations introduced a €200 million (just under $194 million) cap on transactions-per-day non Euro-backed stablecoins.
The Markets in Crypto-Assets framework stands to get in the way of Circle's Euro Coin and other digital assets. Policymakers should revise the proposal.
Modulus CEO Richard Gardner believes that the new regulation may signal the end of the current digital asset downturn.