Kraken obtained an electronic currency institution license issued by the UK FCA

According to the official blog, cryptocurrency exchange Kraken announced that it has officially obtained an Electronic Currency Institution (EMI) license from the Financial Conduct Authority (FCA) in the UK. EMI license provides customers with faster deposit and withdrawal services by allowing them to issue electronic currency. Obtaining an EMI license is a fundamental step in our expansion strategy, "said Bivu Das, Managing Director of Kraken UK