Kraken Seeks Bank License in Lithuania to Expand European Business
JH Kim
Summary
- Kraken is seeking a European banking license.
- Kraken is considering Lithuania as the jurisdiction for the approval.
- If the plan succeeds, Kraken would become the first cryptocurrency exchange to hold a full European banking license.
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Crypto exchange Kraken is seeking a European banking license, CoinDesk reported on July 7.
Kraken is considering Lithuania as the jurisdiction for the approval, the report said. If successful, Kraken would become the first cryptocurrency exchange to hold a full European banking license.
Kraken has not issued an official response on the plan. Lithuania's central bank said licensing procedures for financial-market participants are confidential.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.