Kraken EU E-money License In Ireland Helps Platform Promote Crypto Services

Key Points:

• Kraken EU E-money license has just been approved in Ireland, at the same time, the exchange also successfully registered to become a VASP in Spain.
• Expansion across 27 EU countries and Spanish crypto services enabled.
• Kraken’s commitment to regulatory compliance and European growth was reaffirmed.

Kraken, a renowned cryptocurrency platform known for its security and longevity, has secured authorization from the Central Bank of Ireland to operate as an E-Money Institution (EMI).

Kraken EU E-money License Is The Latest License of The Exchange in Ireland

Additionally, Kraken has achieved registration as a Virtual Asset Service Provider (VASP) with the Bank of Spain. These significant milestones underscore Kraken’s unwavering commitment to expanding its presence in the European market.

Kraken EU E-money license, granted to Kraken’s subsidiary in Ireland, empowers the platform to collaborate with European banks for the expansion of its Euro-denominated services. This expansion encompasses clients across 27 European Union (EU) member states and European Economic Area (EEA) countries, which are pivotal growth areas for the company.

In Spain, Kraken’s newly acquired VASP registration permits the provision of cryptocurrency exchange and custodial wallet services to residents. This achievement follows recent VASP registrations in both Ireland and Italy. Kraken EU E-money license and VASP serve as a testament to Kraken’s persistent dedication to adhering to regulatory standards and fostering European expansion.

Kraken Expands European Presence with Regulatory Approvals

Kraken has consistently upheld its reputation for robust security measures and exceptional customer service for more than a decade. The company continues to invest in the enhancement and diversification of its offerings. In the past year, Kraken has introduced innovations such as its NFT marketplace, the advanced Kraken Pro trading interface, and a revamped consumer web user experience.

These developments position Kraken as a significant player in the evolving cryptocurrency landscape, bolstering its presence and accessibility for customers across Europe.

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