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Kraken Plans to Apply for a European Banking License in Lithuania
Svmuu News: Cryptocurrency exchange Kraken is seeking a full banking license in Europe and has identified Lithuania as its primary jurisdiction for the application. If approved, Kraken will become the first cryptocurrency exchange to obtain a full banking license in Europe. According to reports, this move is part of its parent company Payward’s global licensing strategy. Previously, Kraken Financial connected to the U.S. Federal Reserve’s payment infrastructure in March of this year, and Payward obtained regulatory approval from the UAE’s VARA in May.
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