The exchange of Kraken cryptocurrency announced that it could now extend its offers and in the member states of the European Union after obtaining a license under the framework of the markets in Crypto-Astets (Mica).
In a Wednesday opinion, Kraken said he had received the Central Bank of Ireland’s Mica license, allowing the exchange to offer regulated services to residents of the 30 Member States of the European Economic Zone. The approval followed Kraken securing a license in the markets in the financial instruments (MIFID) in February and an Electronic Money Institution (EMI) license in 2023.
“We believe that confidence is the most precious currency of crypto, and that’s something you win. In recent years, our team has worked tirelessly to meet the [Central Bank of Ireland]”The regulatory expectations of gold standards,” said Kraken Arjun Sethi’s CO-PDG.
Other crypto exchanges seeking to extend their regulated services in the EU region have probably requested the approval of the mica. Coinbase, Okx, Crypto.com and Bybit all announced Mica licenses in 2025, Gemini would have been on the right track for approval to Malta.
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Mica, which began to take effect in 2024 after in -depth discussions and a debate by EU decision -makers, was intended to establish regulatory consistency in the region for digital assets.
However, all crypto companies are not on board. Stablecoin issuer Tether said that he would not continue the Mica recording for his Stablecoin USDT (USDT), which would cause exchanges that have struck the token.
https://www.youtube.com/watch?v=ziirhv3cbog
We are playing catch -up of Crypto Mica regulations
Kraken Mica’s opinion occurred about a week after the exchange has moved its world headquarters to Wyoming in “recognition of pro-Crypto decision-makers and constructive regulations”.
With a large part of its operations still in the United States, Kraken is subject to American laws currently envisaged in Congress to establish a framework for digital asset market structure and provide regulatory directives for payment stages.
In March, the Securities and Exchange Commission of the United States (SEC) abandoned a civil prosecution against the scholarship filed in 2023, alleging that Kraken operated as an exchange, a broker, a dealer and an unregistered compensation agency.
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