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U.S.-based cryptocurrency exchange Kraken received its virtual asset service provider authorization from the Central Bank of Ireland. Payward Europe Solutions, an Irish subsidiary of Kraken registered in Dublin, was awarded virtual asset service provider (VASP) authorization from the Central Bank of Ireland on April 18. We’re pleased to announce that Kraken has successfully registered with the Central Bank of Ireland (CBI) as a Virtual Asset Service Provider (VASP), affirming our commitment to helping drive crypto adoption in Europe Learn more https://t.co/mowesdqEGj pic.twitter.com/C2ScvDhpa1 — Kraken Exchange (@krakenfx) April 18, 2023 The VASP authorization comes at a critical time for Kraken. The European Union is scheduled to conduct its final vote on the long-awaited Markets in Crypto Assets (MiCA) regulation. The MiCA legislation is expected to pass after preliminary voting showed overwhelming nonpartisan support. If it does, the resulting changes will require any company...

Kraken, a cryptocurrency exchange, has agreed to halt its staking activities in February with retail investors following allegations from the Securities and Exchange Commission (SEC) of selling unregistered securities. As part of the settlement, Kraken has paid a $30 million fine. The SEC’s ruling has not only caused discontent within the cryptocurrency community, but it has also drawn criticism from investors and politicians. Kraken ’s CLO had also conveyed the plans of the exchange to launch its own ban. Also read: FTX: Sam Bankman-Fried to Plead Not Guilty to $40 Million Bribery Charges: Report According to the details from the latest press release, Kraken has decided to stay in Canada and abide by the more stringent regulations stipulated by the Canadian Securities Administrators (CSA). Kraken files pre-registration paperwork with Ontario Securities Commission The details also reveal that the exchange has filed a pre-registration undertaking with the Ontario...