Tuesday, July 29, 2025
  • Login
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
CRYPTO MARKETCAP
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS
No Result
View All Result
SB Crypto Guru News- latest crypto news, NFTs, DEFI, Web3, Metaverse
No Result
View All Result

Kraken Increasing In Europe Regardless of MiCA, To Purchase Dutch Dealer

by SB Crypto Guru News
October 6, 2023
in Crypto Updates
Reading Time: 2 mins read
0 0
A A
0


Kraken, one of many world’s oldest crypto exchanges, is strengthening its presence in Europe and plans to purchase Coin Meester B.V. (BCM), a Dutch crypto dealer. In a press launch on October 5, Kraken mentioned the acquisition would give them a “sizable place within the Dutch market” and profit the dealer’s shoppers.

Kraken To Purchase BCM

BCM helps over 170 digital property and is without doubt one of the oldest brokers within the nation. By buying BCM, Kraken is asserting its dedication to broaden throughout Europe. The alternate plans to broaden its product line, improve liquidity, and enhance safety for a broader consumer base.

Kraken CEO David Ripley mentioned:

The Netherlands has one of many world’s most superior economies, with a well-established tradition of innovation and a excessive degree of crypto adoption. This makes it a key marketplace for us in our European growth plans. The acquisition of BCM will give Kraken a large place within the Dutch market. It’s going to permit BCM’s shoppers to profit from an much more strong product providing.

Kraken mentioned they’re buoyed by the European Fee’s introduction of the Markets in Crypto-Property (MiCA) regulatory framework. MiCA seeks to carry complete crypto regulation to the European Union (EU).

These guidelines purpose to standardize the regulatory setting for numerous crypto property, together with fungible property like Ethereum (ETH) or Bitcoin (BTC) and non-fungible tokens (NFTs).

Bitcoin price on October 5 when Kraken said it will buy BMV| Source: BTCUSDT on Binance, TradingView
Bitcoin worth on October 5| Supply: BTCUSDT on Binance, TradingView

MiCA Guidelines To Shield Buyers, Exchanges Adjusting

Nonetheless, the European Union has claimed that MiCA’s main goal is to guard customers and traders by mitigating dangers related to crypto, together with hacks and rug pulls whereas selling monetary stability and market integrity.

By establishing clear guidelines and necessities for crypto companies and market contributors, MiCA goals to “degree the enjoying discipline,” even fostering innovation. MiCA took impact on June 1, 2023. Its full implementation can be in 2024. 

Because of these developments, crypto companies and exchanges, corresponding to Binance France, are intently watching MiCA’s implementation. In late August, Binance France mentioned the Autorité des Marchés Financiers (AMF) license introduced “a chance to adapt to regulatory challenges and capitalize on alternatives throughout the European market.”

In Europe, Kraken has already obtained an Digital Cash Establishment license from the Central Financial institution of Eire and a digital asset service supplier (VASP) registration from the Financial institution of Spain. With the Irish license, Kraken can provide euro-to-crypto buying and selling companies within the EU.

Characteristic picture from Canva, chart from TradingView



Source link

Tags: AcquireBitcoin NewsBrokerCrypto NewsCrypto UpdatesDutchEuropeExpandingKrakenLatest News on CryptoMiCASB Crypto Guru News
Previous Post

‘Preserve an Eye’ on Bitcoin Money (BCH), These Three Altcoins as One Key Metric Hits a Three-Month Excessive: Santiment

Next Post

Bitcoin Value Is Exhibiting Early Indicators of Contemporary Drop, $27,200 Is The Key

Related Posts

Rakbank Partners Bitpanda to Launch Crypto Brokerage Service for Retail Customers in the UAE

Rakbank Partners Bitpanda to Launch Crypto Brokerage Service for Retail Customers in the UAE

by SB Crypto Guru News
July 29, 2025
0

Rakbank has launched a crypto brokerage service through its mobile app, becoming the first conventional bank in the United Arab...

MARA Holdings Concludes 0 Million Raise To Increase Bitcoin Exposure – Details

MARA Holdings Concludes $950 Million Raise To Increase Bitcoin Exposure – Details

by SB Crypto Guru News
July 29, 2025
0

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Bitcoin (BTC) mining juggernaut MARA Holdings today...

ASIC Slams Bitget for Unlicensed Crypto Futures Trading

ASIC Slams Bitget for Unlicensed Crypto Futures Trading

by SB Crypto Guru News
July 28, 2025
0

Enjoyed this article? Share it with your friends! Australia’s financial regulator has issued a warning to Bitget $4.81B for offering...

Jack Dorsey’s Messaging App Bitchat Goes Live in the Apple App Store

Jack Dorsey’s Messaging App Bitchat Goes Live in the Apple App Store

by SB Crypto Guru News
July 28, 2025
0

Former Twitter CEO Jack Dorsey, who now heads Bitcoin tech firm Block, announced on Monday that his messaging app Bitchat,...

39 Projects, Smart Contracts, and Strategic Shake-Up

39 Projects, Smart Contracts, and Strategic Shake-Up

by SB Crypto Guru News
July 28, 2025
0

Key Takeaways:Cardano Foundation DRep has completed voting on all 39 treasury withdrawal proposals worth 275 million ADA.Most proposals received “YES”,...

Load More
Next Post
Bitcoin Value Is Exhibiting Early Indicators of Contemporary Drop, ,200 Is The Key

Bitcoin Value Is Exhibiting Early Indicators of Contemporary Drop, $27,200 Is The Key

Ethereum Worth At Danger of Sharp Decline Except ETH Clears This Heavy Resistance

Ethereum Worth At Danger of Sharp Decline Except ETH Clears This Heavy Resistance

Facebook Twitter LinkedIn Tumblr RSS

CATEGORIES

  • Altcoin
  • Analysis
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Updates
  • DeFi
  • Ethereum
  • Metaverse
  • Mining
  • NFT
  • Regulations
  • Scam Alert
  • Uncategorized
  • Web3

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • HOME
  • BITCOIN
  • CRYPTO UPDATES
    • GENERAL
    • ALTCOINS
    • ETHEREUM
    • CRYPTO EXCHANGES
    • CRYPTO MINING
  • BLOCKCHAIN
  • NFT
  • DEFI
  • WEB3
  • METAVERSE
  • REGULATIONS
  • SCAM ALERT
  • ANALYSIS

Copyright © 2022 - SB Crypto Guru News.
SB Crypto Guru News is not responsible for the content of external sites.