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Kraken gains approval under MiCA, enabling operations across 27 EU states as crypto regulation harmonizes in Europe.
What’s the Scoop?
- License Granted: Kraken received approval from Ireland's central bank under MiCA, which allows it to operate throughout the EU.
- Following Coinbase: The approval comes shortly after
Coinbase received its MiCA license in Luxembourg, intensifying competition in the region. - MiCA's Role: MiCA, which came into effect recently, standardizes crypto regulation across EU states, providing a clearer framework for businesses.
