Context for Chatgpt:
The Crypto Asset Regulation Act came into force at the end of 2024. Since then, the main cryptocurrencies in this industry have been working hard to obtain this rare sesame, allowing them to legally offer their services in the EU.
This initiative represents a key moment in the European expansion of Kraken and occurs only a few days after obtaining a license for coins in Luxembourg.
Kraken acquires a license of the mica for its EU operations
The license grants the exchange of Kraki exchange, authorization to offer crypto services regulated in 30 European Economic Space (EEA). This mandate makes it possible to stand as a leader in a plant to serve on the European market in full expansion of digital assets.
In his blog, Kraken said that SIDA approval actually changes the situation of crypto in the EU and quotes the direct result of the increase in the volume of trading in euros.
The company stressed that the license reduces friction (license, whole EEA) and allows it to serve individuals and institutional customers within the unified regulatory framework.
MIDA regulations in Europe thus attract institutional actors and build the region as a more stable jurisdiction.
“(…) Institutional actors consider Europe safer terrain compared to regulatory restrictions in the United States,” he read the statement from the press release.
Kraken sees the SIDA license as a catalyst for its long -term growth, especially while society assumes possible IPO.
Arjun Sethi, Kraken Co-PDG, introduced the license to expand the Kraken commitment as a strong signal of Kraken’s commitment to the crypto ecosystem through responsible innovation.
“Being the first major global crypto platform to receive CBI authorization confirms that Kraken’s commitment to build this license reflects this effort and puts us in a good position to expand our product offer,” Blog said.
Kraken strengthens his leadership on the euro on the EHP
In addition, the presence of Kraken in Europe is already considerable. Exchange is registered as a provider of services of digital assets services in several major EU markets, especially in France, Italy, Spain and the Netherlands.
In 2013, he also introduced the first pair of BTC/EUR Trading and now operates what he describes as “the most liquid and most reliable” platform for crypto trading marked in euros.
Given that Sica, along with MiFid and EMI licenses already held by the Kraken Group, seems to be ready to intensify its regulated offers in point services, derivatives and payments.
According to Exchange, Mica strengthens consumers protection, in addition to contributing to increased transparency and better supervision. Kraken claims that this will align the market according to the shared European regulatory standard.
The Kraken license approval fell only a few days after its competitor on the market, Coinbase, gained SIDA authorization in the EU.
In parallel, the European Commission plans to alleviate certain SECA rules, although the European Central Bank (ECB) is worried about the weakening of regulatory guarantees.
However, the key priority is President ECB, Christine Lagarde, and this confirms that acceleration of progress towards the digital euro is located as essential for maintaining financial autonomy.
Morality of History: In Europe, which has no mica, it will not enter.
Notification of irresponsibility
Notice of non -response: In accordance with the TRUST project, Beincrypto undertakes to provide impartial and transparent information. The aim of this article is to provide accurate and relevant information. However, we invite readers to verify their own facts and consult a professional before it decides on the basis of this content.