{"id":10807,"date":"2025-06-26T15:45:07","date_gmt":"2025-06-26T14:45:07","guid":{"rendered":"https:\/\/investx.fr\/en\/?p=10807"},"modified":"2025-06-26T15:45:08","modified_gmt":"2025-06-26T14:45:08","slug":"crypto-giant-mica-license-europe","status":"publish","type":"post","link":"https:\/\/preprod.investx.fr\/en\/crypto-news\/crypto-giant-mica-license-europe\/","title":{"rendered":"Crypto Giant Secures MiCA License : What This Means for Europe\u2019s Market"},"content":{"rendered":"\n

Access to 30 EU Countries Through MiCA License<\/h2>\n\n\n\n

With this MiCA license<\/strong>, Kraken now has the authorization to offer its regulated crypto services in 30 countries of the European Union<\/strong>. A pivotal moment in the company’s international strategy, highlighting the growing importance of regulatory compliance within the crypto ecosystem<\/a>.<\/p>\n\n\n

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\"kraken\"<\/figure>\n<\/div>\n\n\n

“We believe that trust is the most valuable currency in crypto, and it must be earned”<\/em>, said Arjun Sethi, co-CEO of Kraken. “Our team has been working for years to meet the high requirements of the Central Bank of Ireland.”<\/em><\/p>\n\n\n\n

Indeed, Kraken is no stranger to European licenses. Last February, the company had already obtained a MiFID<\/strong> license, and in 2023 an Electronic Money Establishment license. This succession of licenses illustrates the crypto sector’s willingness to comply with new regulations<\/strong>.<\/p>\n\n\n\n

Other Exchanges Adapting to MiCA Rules<\/h2>\n\n\n\n

Kraken is not the only exchange platform to comply with the European regulatory framework. Coinbase<\/a>, OKX<\/strong>, Crypto.com<\/strong>, and Bybit<\/strong> have also announced receiving their MiCA license earlier this year. Gemini<\/strong> is also on track to obtain a license in Malta<\/strong>.<\/p>\n\n\n\n

Scheduled to come into effect in 2024, the MiCA regulation aims to bring more clarity and uniformity<\/strong> within the European crypto industry. However, not all players are convinced. Tether<\/strong>, the issuer of the USDT stablecoin, has chosen not to participate in the MiCA process. As a result, its stablecoin is no longer available to European users on some platforms.<\/p>\n\n\n\n

While Europe advances towards regulation, the United States<\/strong> seems to be lagging behind for now. Recently, Kraken has relocated its headquarters to the US state of Wyoming, known to be more crypto-friendly. The US regulatory framework is still evolving, with bills like the FIT21 Act<\/strong> aiming to structure the crypto landscape.<\/a><\/p>\n\n\n\n

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