Cryptocurrency

2024

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Cryptocurrency exchange Kraken has recently been licensed to operate in the Netherlands. 
Obtaining the <a href="https://blog.kraken.com/news/kraken-secures-vasp-registration-from-dutch-central-bank" data-type="link" data-id="https://blog.kraken.com/news/kraken-secures-vasp-registration-from-dutch-central-bank" target="_blank" rel="noopener">provider license</a> is a step in Kraken’s plan to broaden its European footprint. Kraken acquired Dutch <a href="https://crypto.news/kraken-expanding-in-europe-to-acquire-dutch-broker-bcm/" data-type="link" data-id="https://crypto.news/kraken-expanding-in-europe-to-acquire-dutch-broker-bcm/">crypto broker</a> BCM last October, and now, with a virtual asset service provider (VASP) registration from the Dutch Central Bank, it’s set to grow in the Dutch market. 
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 Another milestone in our European growth strategy – Kraken received a registration from the Dutch Central Bank 🤝 We look forward to welcoming all the new Dutch clients that are looking for an easier, better &amp; more secure crypto experience. Read more ⤵️ <a href="https://t.co/9rG46vUyit" target="_blank">https://t.co/9rG46vUyit</a>— Kraken Exchange (@krakenfx) <a href="https://twitter.com/krakenfx/status/1755586804344877207?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">February 8, 2024</a>
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 You might also like: <a href="https://crypto.news/the-dutch-blockchain-days-to-host-blockchain-crypto-nfts-and-web3-event/"> The Dutch Blockchain Days to host blockchain, crypto, NFTs, and web3 event </a> 
“With the addition of the Dutch VASP registration, our European growth strategy continues to accelerate,” said Brian Gahan, Kraken’s Managing Director of Europe. “We see a lot of opportunity to introduce our offering to retail clients and professional traders in the Netherlands and across Europe.” 
The Netherlands offers a promising market for Kraken, with about 20% of its citizens owning <a href="https://crypto.news/market-cap/" data-type="link" data-id="https://crypto.news/market-cap/">cryptocurrency</a>. Kraken’s move aligns with its goal to tap into Europe’s high fintech adoption rates. 
Despite facing a <a href="https://crypto.news/sec-sues-kraken-crypto-exchange-due-to-illegal-operation/" data-type="link" data-id="https://crypto.news/sec-sues-kraken-crypto-exchange-due-to-illegal-operation/">lawsuit</a> from the U.S. Securities and Exchange Commission for allegedly operating without proper registration, Kraken has maintained that the lawsuit has not impacted its business operations. 
 Read more: <a href="https://crypto.news/kraken-to-respond-to-sec-lawsuit-inspired-by-ripple/"> Kraken to respond to SEC lawsuit, inspired by Ripple </a>

Kraken obtains Dutch license, expands crypto services in Europe

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