Kraken Registers as VASP with the Central Bank of Ireland
The Central Bank of Ireland (CBI) has approved a virtual asset service provider (VASP) registration for a cryptocurrency exchange called Kraken through its Irish subsidiary, Payward Europe Solutions Limited. To operate as a VASP in Ireland, Kraken’s subsidiary must comply with regulatory standards established by the CBI. By offering a secure and regulated platform for cryptocurrency trading in Ireland, Kraken reinforces its dedication to promoting the use of cryptocurrencies throughout Europe.
📣 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
Kraken Reinforces AML and Compliance Standards with Irish VASP Registration
Crypto exchange Kraken has announced that it has registered with the Irish Virtual Asset Service Providers (VASP) regulatory organization, demonstrating its dedication to complying with the strictest anti-money laundering and compliance standards in Europe. Authorities and Kraken’s clients can be reassured by the action that the company is acting morally and responsibly. Furthermore, the registration shows Kraken’s dedication to boosting cryptocurrency use in Europe now and in the future.
Major cryptocurrency exchange Kraken has emphasized the need for transparent and efficient regulation in guaranteeing the wide adoption of cryptocurrencies. According to Mark Jennings, Head of European Operations at Kraken, the business is committed to collaborating closely with European regulators to ensure that its cutting-edge products and services comply with rational and progressive regulations governing crypto assets. The goal of Kraken’s commitment to working within regulatory frameworks is to provide a more secure and reliable environment for the widespread adoption of cryptocurrencies.
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By providing a compliant trading environment that prioritizes market-leading customer service, strong security standards, and market-leading liquidity and volume for EUR crypto pairings, Kraken has emphasized its dedication to putting customers first. The company is certain that putting its attention on these crucial areas will contribute to the development of a safe and reliable trading environment for its customers, ultimately resulting in a wider acceptance of cryptocurrencies. Kraken seeks to stand out as a trustworthy and respectable platform for crypto trading by emphasizing compliance and a client-centric approach.
Kraken Strengthens Commitment to Irish Clients with VASP Registration
In Ireland, Kraken has increased its local staff and registered with the regulating body known as the Virtual Asset Service Providers (VASP). The company’s dedication to providing Irish customers access to a variety of cryptocurrency assets is demonstrated by this action. For EUR cryptocurrency pairings, Kraken provides the highest level of liquidity together with industry-leading security to safeguard the security of its customers’ crypto assets.
