Kraken Expands in Europe with Dutch License
Kraken has obtained a license in the Netherlands, allowing it to operate in the country as a virtual asset service provider (VASP). Kraken has obtained the provider license as part of its strategy to increase its presence throughout Europe. After acquiring Dutch cryptocurrency broker BCM in October of last year, Kraken is now poised to […]
Kraken Launches its Services in Belgium Through EU Subsidiary
Kraken, an American cryptocurrency exchange, is using its EU subsidiary to introduce its products in Belgium. Crypto exchange Kraken opens its doors to Belgium as part of its commitment to double down on its European presence. The San Francisco-based cryptocurrency exchange announced the change in a blog post on November 7. It claimed the action […]
Kraken Crypto Exchange to Share 42,000 Users Data with IRS
Following a court order, Kraken, a US-based cryptocurrency exchange, will provide the Internal Revenue Service (IRS) with the personal information of 42,000 users in early November. In May 2021, the U.S. District Court for the Northern District of California issued a court order requiring Kraken to produce “a wide range of records and data” on […]
Kraken to Halt USDT, DAI, WBTC, WETH, WAXL Trading in Canada
According to multiple client emails, Kraken exchange will halt all transactions involving USDT, DAI, WBTC, WETH, and WAXL in Canada between November and December, with changes going into effect starting Nov. 30 In response to Cointelegraph’s request for comment, a Kraken spokesperson stated via email, “We constantly monitor the assets on our platform to ensure […]
Kraken Eyes Dutch Market Set to Acquire BCM Exchange
Kraken has announced an agreement to purchase Coin Meester B.V. (BCM), a cryptocurrency exchange based in the Netherlands. Kraken and BCM announced the impending acquisition after the European Union implemented its Markets in Crypto-Assets (MiCA) legal framework, while financial specifics of the deal have yet to be made public. With acquiring virtual asset service provider […]