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An executive of US-based crypto exchange Kraken is denying previous reports that the company is planning to pull the plug on leading stablecoin Tether (USDT) in the European Union (EU).
BRICS is fighting against the U.S., while Tether is in an ongoing speculative attack against the USD.
Recent investigations by TruthLabs have unveiled disquieting links between Tether, one of the largest stablecoins in the cryptocurrency market, and illicit activities, including money laundering and ties to terrorist groups. These findings come in addition to results dealing with Crypto Israel Aid and a preferred crypto exchange of Hamas, Cex.io.
A Bloomberg article indicated that Kraken was "actively reviewing" Tether's status to comply with the European Union's upcoming MiCA framework.
The cryptocurrency realm is abuzz with speculation as Tether, a leading stablecoin, injects a substantial $1 billion worth of USDT into the market. This significant move has sparked curiosity and debate among traders and investors alike, particularly regarding its potential impact on Bitcoin, the flagship cryptocurrency.
Tether is launching a new P2P financial markets terminal that aims to decentralize market data using Holepunch technology, effectively cutting out intermediaries.
Bitcoin has switched its former resistance into support, as Tethers market capitalization continues to rise swiftly in 2024. Tether, the worlds largest stablecoin, has issued another $1 billion, raising its market capitalization above $110 billion, potentially catalyzing Bitcoins next climb to new highs.
A company executive assures Kraken has no immediate plans to delist USDT in the EU.
Concerns were raised after a Bloomberg article reported Kraken was “actively reviewing” which tokens it could continue to list under the European Union's upcoming MiCA framework.
Despite regulatory challenges, Kraken, one of the world's largest cryptocurrency exchanges, has no plan to delist Tether's USD stablecoin (USDT).
Kraken, a prominent player in the cryptocurrency exchange arena, recently addressed concerns surrounding the stability and regulatory compliance of Tether (USDT) by firmly stating its decision not to remove USDT from its European platform.
Tether CEO Paolo Ardoino stated that the stablecoin company might put “significant resources” into developing a global peer-to-peer (P2P) financial markets terminal. Ardoino explained that decentralization in the payments area, where humanity is “getting rid” of the monopolistic intermediaries, could also improve the financial markets data industry.
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.
