Global blockchain supervision and query platform

English
Download

Kraken Advances European Expansion, Secures EU Digital Currency License

Kraken Advances European Expansion, Secures EU Digital Currency License WikiBit 2023-09-27 14:41

Kraken Advances European Expansion, Secures EU Digital Currency License

Kraken has announced that it has obtained an Electronic Money Institution (EMI) license from the Central Bank of Ireland. Additionally, Kraken has successfully registered as a Virtual Asset Service Provider (VASP) with Spanish Bank.

The EMI license granted to Kraken's Irish subsidiary enables the company to expand its Euro-denominated services by collaborating with European banks. This encompasses customers in 27 European Union (EU) member states and European Economic Area (EEA) countries, which are crucial growth regions for the company.

In Spain, Kraken's new VASP registration allows it to provide cryptocurrency exchange and custodial wallet services to residents of Spain. Previously, VASP registrations were recently completed in Ireland and Italy.

In previous news, Kraken's derivatives division has been in negotiations with UK regulatory authorities to expand its operations.

Disclaimer:

The views in this article only represent the author's personal views, and do not constitute investment advice on this platform. This platform does not guarantee the accuracy, completeness and timeliness of the information in the article, and will not be liable for any loss caused by the use of or reliance on the information in the article.

  • Token conversion
  • Exchange rate conversion
  • Calculation for foreign exchange purchasing
/
PC(S)
Current Rate
Available

0.00