Keep up with what's happening in the crypto world in real-time.
All Filters (1)
With growing concerns revolving around the reliability and compliance regulations of stablecoins, some crypto exchanges opt to delist some of them. Will this be the case for Tether in Europe?
Cryptocurrency exchange Kraken has denied rumors about the potential delisting of Tether (USDT).
The Stablecoin issuer, Tether, now reportedly owns over $91 billion in U.S. Treasury assets directly or indirectly. The new findings rank the Stablecoin company at #19 ahead of Germany.
Crypto exchange Kraken has dismissed rumors about delisting Tether's USDT stablecoin for its European users.
Kraken, a prominent cryptocurrency exchange, is reportedly contemplating the removal of Tether (USDT) from its platform in the European Union (EU) to comply with forthcoming regulations known as Markets in Crypto-Assets (MiCA).
Kraken denies plans to delist Tether (USDT), maintaining support despite regulatory uncertainties.
The latest twist in this saga involves two major players – Kraken, a leading cryptocurrency exchange, and Tether, the issuer of the USDT stable coin. As regulatory winds of change sweep across the European Union (EU), Kraken finds itself at a crossroads, contemplating a decision with potentially far-reaching consequences: whether to continue supporting Tether's USDT amidst mounting regulatory pressures.
The suspects allegedly used USDT to run a foreign exchange payment and settlement business, providing illegal services to cosmetics and drug smugglers.
The San Francisco-based crypto exchange Kraken is reportedly mulling whether to pull support for the stablecoin USDT in the European Union (EU). Bloomberg reports that Kraken is “actively reviewing” its European support for the Tether-issued stablecoin.
Kraken, a prominent cryptocurrency exchange, has made a definitive statement denying any intentions of delisting Tether (USDT) in Europe. This announcement arrives amid mounting apprehensions within the crypto community regarding the stability and regulatory adherence of widely-used stablecoins such as Tether.
Tether, the issuer of the USDT stablecoin, plans to develop a peer-to-peer financial markets terminal leveraging Holepunch technology.
Tether, the company behind world's best-known stablecoin, has blacklisted five unknown wallets that received a total of 54.1 million USDT, according to data provided by Arkham Intelligence.
Tether, the world's largest stablecoin issuer, has minted an additional 1 billion USDT through its treasury.
According to data from CoinMarketCap, Bitcoin rose by 2.9% on Friday to trade above $67,000 for the first time since April 24. This positive price performance by the maiden cryptocurrency has been attributed to the low inflation levels reported in the latest Consumer Price Index (CPI) data.
Kraken is considering withdrawing support for USDT, the largest stablecoin, in the EU if it fails to comply with the upcoming MiCA rules. The exchange aims to align with the regulations governing cryptoasset markets, set to take effect this year.
Kraken is reviewing its Tether (USDT) listing in Europe due to new MiCA regulations. The exchange's final decision hinges on regulatory clarity, sparking questions about Tether's future.
Kraken prepares for the worst after Tether shows no interest in complying with the upcoming MiCa regulations.
Kraken could drop EU support for Tether's USDT stablecoin, Bloomberg reported on May 17. Kraken Global Head of Regulatory Strategy Marcus Hughes said the company is planning for circumstances in which it is “not tenable to list specific tokens such as USDT.
Kraken crypto exchange is considering ending support for Tether (USDT) from its EU platform to maintain the Markets in Capital Assets (MiCA) regulations. Kraken's Global Head of Regulatory Strategy, Marcus Hughes, recently told Bloomberg that the Kraken exchange is “actively reviewing” its global strategy based on the MiCA regulations by the European Union.
TL;DR Kraken's Deliberation: Kraken is considering the delisting of Tether (USDT) in the EU due to the upcoming MiCA regulations, which impose strict rules on stablecoins, potentially reducing market diversity. MiCA's Impact: The MiCA framework aims to regulate stablecoin providers with stringent governance and reserve management, limiting large stablecoin transactions to 200 million euros per day, affecting liquidity and flexibility.
In a move that could have significant implications for the global cryptocurrency market, the US-based crypto exchange Kraken is “actively reviewing” plans, including removing support for Tether's USDT stablecoin within the European Union (EU).
Bitcoin surges past $66,000 coinciding with positive inflation news and a rise in stablecoin holdings on crypto exchanges.
TL;DR New Minting: Tether has minted an additional 1 billion USDT on the Tron Network, historically correlating with positive Bitcoin price movements. Market Impact: The minting could potentially drive Bitcoin's price up, as Tether's market cap exceeds $110 billion and it holds a significant amount of Bitcoin.
Kraken considers delisting USDT due to new EU regulations.
