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Kraken obtains business license registrations in Spain and Ireland

crypto exchange kraken got a license Electronic Money Institution (EMI) from Central Bank of Ireland and a record like this virtual asset service provider from (VASP) Bank of Spain.

According to the announcement dated September 26; The EMI license allows Kraken to expand its Euro-crypto trading services to 27 European Union member states and European Economic Area countries. Besides, VASP registration in Spain allows it to offer exchange and custody wallet services to Spanish residents. The company is also registered as VASP in Italy and Ireland.

Curtis TingKraken’s vice president of global operations commented: “We believe Europe offers a solid foundation for cryptocurrencies with forward-thinking regulations that allow us to grow with confidence.”. The platform currently supports over 200 trading pairs across six fiat currencies: British pound, euro, US dollar, Canadian dollar, Swiss franc and Australian dollar.

On September 21, Cointelegraph reported: A lawsuit was filed against Kraken fromAustralian Securities and Investments Commission Regarding (ASIC) Australian branch, Bit TradingHe was accused of failing to carry out necessary market checks before providing credit trading services. Jonathon MillerManaging Director of Kraken’s Australian operations, He said ASIC’s move was a surpriseBecause we believe Bit Trade complies with local regulations.

Kraken at the beginning of this year Applied for registration as a restricted dealer inside Canada, to comply with new rules that require all VASPs to register with security administrators under penalty of expulsion. Changes Binance And OKX They left Canada following the new rules.

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