Kraken has announced that it has officially secured an Electronic Money Institution (EMI) authorization from the U.K.’s Financial Conduct Authority (FCA). This milestone is set to accelerate Kraken’s growth plans in the U.K. and enable the launch of new products and services tailored to the needs of local clients. The EMI license empowers Kraken to issue electronic money, facilitating quicker deposits and withdrawals, and positions the exchange to forge partnerships with traditional financial institutions. U.K. General Manager Bivu Das emphasized that the U.K. is on the verge of mass crypto adoption, and Kraken aims to lead this charge with industry-leading offerings that provide real utility for investors and consumers. This follows Kraken’s recent acquisition of an EU MiFID license, solidifying its commitment to regulatory compliance within the crypto ecosystem.

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