Kraken will suspend trading in stablecoins such as USDT, PYUSD, EURT, and TUSD in Europe starting from February 13."
On February 1, it was reported that with the full entry into force of the European Union's Cryptocurrency Market Supervisory Authority, cryptocurrency exchange Kraken is preparing to remove several stablecoins for customers in the European Economic Area. The exchange announced that it will phase out margin trading restrictions on USDT, PYUSD, EURT, TUSD and UST for EEA users starting from February 13. Spot trading will stop on March 24, outstanding orders will be cancelled, and assets will no longer be exchanged for cryptocurrencies or fiat currencies. Kraken said the move ensures MiCA compliance and allows it to maintain long-term operations in Europe.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.
