Kraken has successfully obtained a MiCA license from the Central Bank of Ireland, enabling it to operate in the 30 member states of the European Economic Area. This license enhances its ability to provide regulated cryptocurrency services.
The MiCA framework aims to establish regulatory consistency for digital assets within the EU. Other exchanges like Coinbase and Crypto.com have also received MiCA licenses this year, indicating a shift toward comprehensive regulation.
Not all crypto firms are pursuing MiCA registration, with Tether deciding against it for its USDT. Meanwhile, Kraken faces regulatory developments in the US, balancing its operations amidst potential changes in digital asset regulations.
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