Kraken Scores MiCA License from Ireland
The European Union's Markets in Crypto Assets license will allow Kraken to operate across the 27 EU member states.
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.
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