Kraken Reportedly Seeks European Banking License With Lithuania in Focus
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Cryptocurrency exchange Kraken, which plans to become a public company, is currently trying to obtain a full European banking license. It is important to note that Lithuania has been chosen as the most suitable country for this purpose, which is not surprising. If Kraken manages to receive this license, it will become the first cryptocurrency exchange in Europe with the status of a full-fledged bank. Such a license would allow Kraken to offer ma…
Kraken has applied for a bank license in Lithuania. If the Central Bank of Lithuania grants it, the cryptocurrency exchange platform would become the first exchange in the world to operate as a full bank in Europe. It is not a simple extension of the catalogue of services: it is the leap towards a global financial infrastructure already being drawn up by its managers. Lithuania, the key to entering European banking Lithuania's choice is not casu…
Kraken Reportedly Seeks European Banking License With Lithuania in Focus
Crypto exchange Kraken is looking to widen its financial services footprint as it reportedly seeks a European banking license, with Lithuania understood to be the focus jurisdiction, according to CoinDesk. The reported plan would push the crypto exchange further into regulated finance as it builds out its licensing strategy across major markets. Kraken has not confirmed the plan, while the Bank of Lithuania does not comment on specific licensing…
Kraken wants to take a step further in his strategy of becoming a global financial infrastructure. The cryptocurrency exchange platform is trying to get...
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