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Kraken has obtained a regulatory license under the EU’s MiCA framework, allowing it to operate across 27 EU member states. The approval follows Coinbase’s similar license in Luxembourg, signaling a broader industry shift toward compliance.
- Kraken's MiCA license allows operations across 27 EU and 3 EEA member states.
- The euro now represents 17.5% of global fiat crypto trading volume, doubling in a year.
- ESMA is reviewing Malta's licensing practices amid concerns of regulatory 'race to the bottom'.
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