Cryptocurrency Exchang Kaken has announced that it can now expand its offers and across the European Union member states after obtaining a license under the framework of marketing bells (MICA).
On Wednesday notice, Kraken He said It has received a MICA license from the central bank in Ireland, allowing exchange to provide organized services to the population in 30 members of the European Economic Zone. Approval of Kraken followed the insurance of markets in the license to direct financial tools (MIFID) in February and the license of the Electronic Funds Corporation (EMI) in 2023.
“We believe that confidence is the most valuable currency in encryption, which is something that it earns. Over the past few years, our team has worked tirelessly to meet the expectations of the Golden Organization of the Central Bank in Ireland,” said Corne Arajon Corpoine Cumati.
Other encryption exchanges that seek to expand their organized services to the European Union region have sought the approval of Mika. Coinbase, OKX, Crypto.com and Bybit all announced MICA licenses in 2025, and according to GEMINI on the correct path to approval in Malta.
Related to: Despite Trump’s support, Crypto chooses Mika on America: Paybis
The goal of Mika, which started in 2024 after discussions and in -depth discussion of policy makers in the European Union, was to create organizational consistency throughout the region of digital assets.
Not all encryption companies on board the plane. Tether Stablecoin Tether said it will not continue to register the mica in Stablecoin Usdt (USDT), which leads to some exchanges that have shattered the distinctive symbol.
https://www.youtube.com/watch?
We play annex to the Mika encryption regulations
Kraken’s MICA’s MICA notice came almost a week after the stock exchange was transferred to its global headquarters to Wyoming in “identifying pro -profit policymakers and constructive regulations.”
As many of its operations continue in the United States, Kraken is undergoing the laws of the United States currently being considered in Congress to create a framework of the digital asset market structure and provide regulatory instructions for payment.
In March, the US Securities and Stock Exchange Committee (SEC) fell a civil lawsuit against the stock exchange in 2023, claiming that Kakeen was working as an unregistered exchange, mediator, merchant and clearing agency.
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