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Kraken Receives EU E-Money License and VASP Registration in Spain, Expands Fiat Services in Europe

Kraken has been granted an e-money institution license by the Central Bank of Ireland and a virtual assets service provider registration from the Bank of Spain. This will allow Kraken to expand its EUR fiat services with European bank partners and offer exchange and custodial wallet services to Spanish residents. Kraken's vice president of global operations, Curtis Ting, expressed gratitude for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain. Kraken also launched its NFT marketplace in June and believes clear and effective regulation is essential for the mainstream adoption of cryptocurrencies.

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