Results For: Kraken
Kraken Mulls Removal of Tether (USDT) Amidst New EU Regulations
Kraken is actively reviewing its plans to potentially remove support for Tether’s USDT on its platform in the European Union (EU). According to Bloomberg, this move comes in response to the impending implementation of the Markets in Crypto-Assets (MiCA) regulatory framework, set to take effect in July. Key points: Also read: Binance Executive Denied Bail …...
Kraken Fires Back at SEC, Arguing Agency’s Case Lacks Proper Wording
Kraken has intensified its legal battle with the United States Securities and Exchange Commission (SEC) by filing a reply to the agency’s April letter regarding the company’s motion to dismiss the case. Kraken argues in the latest development that the SEC has not identified any specific investment contracts traded, brokered, or settled on its platform. …...
State Attorneys General Argue SEC Overreach in Kraken Lawsuit
A group of state attorneys general filed a court brief Thursday arguing that the U.S. Securities and Exchange Commission (SEC) has exceeded its powers by suing crypto exchange Kraken. Key Points: The state law officials from Montana, Arkansas, Iowa, and five other states said the SEC’s action risks harming consumers and contradicts precedents on when …...
Kraken Receives VASP Registration to Expand in the Netherlands
Cryptocurrency exchange Kraken has secured a Virtual Asset Service Provider (VASP) registration from the Dutch Central Bank (DNB). This will enable the company to expand its offerings to clients in the Netherlands. The registration comes as part of Kraken’s broader growth strategy across Europe. In addition to the latest DNB approval, Kraken also holds active …...
Kraken Co-founder Jesse Powell Calls for Self-Policing Amidst Binance Turmoil
In the aftermath of Binance’s $4.6 billion settlement and CZ’s resignation, Jesse Powell, co-founder of crypto exchange Kraken, takes to X (formerly Twitter) to reflect on the challenges faced by the cryptocurrency industry. Powell discusses the ongoing struggles, the need for self-policing, and Kraken’s commitment to the long game. Additionally, his remarks come on the …...
Kraken Fires Back Against SEC Complaint, Vows to “Vigorously Defend” Its Position
The U.S. Securities and Exchange Commission (SEC) filed a complaint alleging that crypto exchange Kraken operates as an unregistered securities exchange, broker, and clearing house. Kraken strongly pushed back against the allegations, arguing that the claims are “factually incorrect” and have no legal basis. In the complaint, the SEC points to large transaction volumes on …...
Kraken Review 2024: What To Know About The Pros, Cons, Fees, & Features
In this Kraken review you'll learn about the features, fees, pros, and cons of this crypto exchange....
🥛 El Salvador’s strategy for stacking sats 🌋
Today’s edition is brought to you by Gryphon Digital Mining – a fast-growing Bitcoin miner led by a team of industry veterans. Read a free report on Gryphon’s unique strategy today....
Chinese Police Bust $296 Million Illegal Crypto-Based Underground Bank
Chinese authorities have uncovered and closed down an underground bank that exploited crypto to facilitate illicit currency exchange operations between the Chinese yuan and the South Korean won. The Public Security Bureau of Panshi City, Jilin Province, successfully arrested six suspects involved in the case. The suspects completed transactions amounting to approximately 2.14 billion yuan …...
Binance Registers With India’s Financial Intelligence Unit
The world’s largest crypto exchange, Binance, and its rival, KuCoin, have been registered with India’s Financial Intelligence Unit (FIU). This marks the first time that offshore crypto-related entities have been approved by India’s anti-money laundering unit. Key points: The registration of Binance and KuCoin with the FIU is a significant milestone for India’s crypto industry. …...
