Crypto Exchange Kraken Wins MiCA License in Ireland

5 hours ago

Cryptocurrency speech Kraken has been granted a licence to run successful the Republic of Ireland nether the European Union's Markets successful Crypto Assets (MiCA) regulation.

Kraken volition present beryllium capable to connection crypto services crossed the 30 countries successful the European Economic Area (EEA), allowing it to standard its concern overmuch faster crossed the region, the speech said connected Wednesday.

"This licence places america successful a beardown presumption to grow our merchandise offering, turn our organization and retail lawsuit basal and present secure, accessible and afloat regulated crypto services to millions much radical crossed the EU," Kraken's co-CEO Arun Sethi said.

Acquiring a MiCA licence provides added assurance that an speech is gathering the EU-wide standards connected user protections, transparency and oversight, Kraken added.

The sixth largest crypto speech successful the satellite by commercialized volume joins a fig of its peers successful winning MiCA licenses successful caller months. Coinbase won support successful Luxembourg earlier this month, portion Bybit did truthful successful Austria successful May.

Read more: Tokenized Shares of Solana Treasury Company Defi Dev Coming to Kraken

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