Crypto platform Kraken has received authorisation from the Central Bank of Ireland as an E-Money Institution (EMI).
Additionally, the company said it has registered with the Bank of Spain as a Virtual Asset Service Provider (VASP).
The EMI licence will allow the firm to expand its euro fiat services in partnership with European banks and extends to clients in all 27 EU countries, it said.
Kraken added that the VASP registration will allow it to offer cryptocurrency exchange and custodial wallet services to Spanish residents. The company already has VASP registrations in Ireland and Italy.
Last year Kraken launched its NFT marketplace, the Kraken Pro advanced trading interface and a new consumer web user experience.
Curtis Ting, Kraken’s vice president of global operations, said: “We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain. In both Ireland and Spain, we are excited to become part of their vibrant local fintech sectors. We also look forward to continuing our investments in Europe more broadly.”
Latest News
-
JPMorgan becomes final major Wall Street bank to exit climate alliance
-
Lloyds and Mastercard to lead next CFIT coalition
-
Open Banking platform Money Squirrel launches in the UK
-
HSBC appoints new US chief executive
-
Close Brothers chief executive steps down due to health reasons
-
Frax Finance launches BlackRock-backed stablecoin
Sanctions evasion in an era of conflict: Optimising KYC and monitoring to tackle crime
The ongoing war in Ukraine and resulting sanctions on Russia, and the continuing geopolitical tensions have resulted in an unprecedented increase in parties added to sanctions lists.
Achieving operational resilience in the financial sector: Navigating DORA with confidence
Operational resilience has become crucial for financial institutions navigating today's digital landscape riddled with cyber risks and challenges. The EU's Digital Operational Resilience Act (DORA) provides a harmonised framework to address these complexities, but there are key factors that financial institutions must ensure they consider.
Legacy isn’t the enemy: what FSIs can do to keep their systems up and running
In this webinar we will examine some of the steps FSIs have already taken to rigorously monitor and test systems – both manually and with AI-powered automation – while satisfying the concerns of regulators and customers.
Optimising digital banking: Unifying communications for seamless CX
In the digital age, financial institutions risk falling behind their rivals if they fail to unite fragmented communications ecosystems to deliver seamless, personalised customer experiences.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
This FStech webinar sponsored by Precisely explores vital strategies to optimise cross-channel messaging through omnichannel orchestration and real-time customer data access.
© 2019 Perspective Publishing Privacy & Cookies
Recent Stories