Kraken gets its VASP authorization just in time as the final MiCA vote is scheduled for April 19.
, Kraken’s head of European operations Mark Jennings lauded the Bank of Ireland’s decision, stating that “Clear and effective regulation is essential for the mainstream adoption of cryptocurrencies.” Jennings also intimated that the designation was a testament to the company’s legitimacy:
"Kraken’s Irish VASP registration demonstrates to both our clients and regulators that Kraken follows Europe’s most robust anti-money laundering and compliance standards. Registration further underscores Kraken’s commitment to driving crypto adoption across Europe, now and into the future.” Back in the U.S., the road’s been bumpier for the Kraken cryptocurrency exchange as it was forced to settleover alleged improprieties with its staking services. As a result of the lawsuit, Kraken paid $30 million in fines and agreed to cease offering staking services to U.S. clients.
Fast forward to April 18, and it appears that Kraken should have all of its ducks in a row to meet MiCA compliance requirements ahead of the EU vote on April 19 — if the measures pass, full implementation is
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