PANews reported on February 1 that with the full implementation of the EU Crypto-Asset Markets Act (MiCA), the cryptocurrency exchange Kraken is preparing to delist several stablecoins for customers in the European Economic Area (EEA). The exchange announced that it will gradually remove margin trading restrictions on USDT, PYUSD, EURT, TUSD and UST for EEA users starting February 13. Spot trading will stop on March 24, open orders will be cancelled, and assets will no longer be exchanged for cryptocurrencies or fiat currencies.

Kraken said the move ensures compliance with MiCA and allows it to maintain long-term operations in Europe.