Crypto exchange Kraken is trying to become a bank in Europe

CoinDesk16h agoUpdated 2h ago
Crypto exchange Kraken is trying to become a bank in Europe
Smart Read

Kraken's focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans....

Coins in this story

Part of narrative
RWA

Explore how RWA is shaping crypto markets — aggregated stories, leading coins, and weekly momentum.

Explore narrative

Related stories

Reserve Bank of India still favors crypto prohibition to curtail tax evasion: Reuters
CoinDesk1h ago60-word brief

Reserve Bank of India still favors crypto prohibition to curtail tax evasion: Reuters

RBI maintains opposition to crypto, advocating prohibition to combat tax evasion and capital flight. India's 39 million crypto investors operate in regulatory limbo as authorities cite financial contagion risks and seigniorage concerns. Tax officials report less than 25% compliance on crypto gains. The central bank opposes bank exposure to all cryptocurrencies and stablecoins, citing external deficit vulnerabilities and tracking difficulties.

XRP Ledger’s new upgrade is here. But not everyone’s on board yet
CoinDesk2h ago60-word brief

XRP Ledger’s new upgrade is here. But not everyone’s on board yet

The new software leads among the network's validators, yet by node count it sits behind the older v3.1.3, and the security amendment bundled with it remains a separate, slower vote. The upgrade needs 80% of the trusted validator list to activate....

Bitcoin under pressure as U.S.-Iran escalation lifts oil
CoinDesk6h ago60-word brief

Bitcoin under pressure as U.S.-Iran escalation lifts oil

Major cryptocurrencies are trading in the red as renewed U.S.-Iran airstrikes push oil higher....

KryptoKite aggregates and summarises third-party crypto news. This is informational content, not investment advice. KryptoKite does not recommend buying or selling any asset.