The Kraken exchange is considering removing its support for Tether (USDT) in the European Union due to new digital asset regulations set to be implemented in July.

⚡️ The upcoming EU regulations, known as MiCA, will impose restrictions on stablecoins that will affect their use for transactions and wealth storage.

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The Kraken exchange is contemplating the removal of support for Tether (USDT) in the European Union in light of new digital asset regulations that are scheduled for implementation in July.