Kraken Fined $5 Million in Australia Over Compliance Failures

December 12, 2024

Catenaa, Friday 13, 2024-The Australian Federal Court has imposed a penalty of 8 million Australian dollars ($5.1 million) on Bit Trade, the operator of Kraken’s crypto exchange in Australia, for failing to meet regulatory requirements.  The court’s ruling follows accusations by the Australian Securities and Investments Commission (ASIC) that Bit Trade issued a credit facility […]

Kraken, Coinbase Secure EU, UK Approval for Crypto Expansion

February 4, 2025

Catenaa, Tuesday, February 04, 2025 – US-based cryptocurrency exchanges Kraken and Coinbase have received regulatory approvals, clearing the way for expanded operations in the European Union and the United Kingdom, respectively. Kraken obtained a Markets in Financial Instruments Directive (MiFID) license in the EU through its acquisition of a Cypriot investment firm regulated by the […]