The Kraken crypto tours receives a mica approval in the EU
The Kraken crypto tour announced that it can now extend its offer to the member states of the European Union (EU) after receiving a license as part of the Market in Crypto Assets (Mica) framework.
In one notice From Wednesday, Kraken announced that it received the Mica license from the Irish Central Bank that allows the stock exchange to offer regulated crypto services for residents of the 30 member states of the European Economic Area (EEA). The approval took place after Kraken had already received a license of the guideline for markets for financial instruments (MIFID) and in 2023 a license for e-money institutes (EMI) in February.
“We believe that trust is the most valuable currency in the crypto world and that you have to earn it. In recent years, our team has worked tirelessly to fulfill the regulatory expectations of the gold standard of the (Central Bank of Ireland),” said Arjun Sethi, co-CEO from Kraken.
Other crypto borns that want to extend their regulated services to the EU region have also applied for a mica approval. Coinbase, Okx, Crypto.com and Bybit have all announced mica licenses for 2025, whereby Gemini reports on the best way to permit in Malta.
Also read: crypto exchange for beginners 2025: So you can easily start into the crypto-trade
The mica, which came into force after detailed discussions and debates from EU politicians in 2024, was to create a uniform regulation for digital assets in the entire region.
However, not all crypto companies are on board. The stable coin player Tether explained that he has no mica registration for his StableCoin USDT (USDT) will strive, which caused some exchanges to no longer list the token.
USA must catch up on mica
The mica approval of octopus came about a week after the stock exchange had moved its global headquarters to Wyoming to enjoy the beneficial crypto regulation and politics of the state.
Since a large part of the activities of octopuses are still in the USA, the company is largely subject to the US crypto laws, which are currently discussed in the congress in order to create a framework for the structure of the cryptoma market and to define regulatory guidelines for stable coins.
In March, the US stock exchange supervision SEC (Securities and Exchange Commission) dropped a civil lawsuit against the stock exchange in 2023, in which it accused Kraken, as an unregistered stock exchange, broker, dealer and clearing position on AGIIs.
Also read: Krypto Wallet comparison 2025: Top 10 Wallet-Anbieter at a glance
