Kraken Seeks Dismissal of SEC Lawsuit, Cites Concerns Over Regulatory Overreach
Kraken has requested to dismiss a lawsuit from the US SEC from November, claiming that the case establishes a "dangerous precedent" for the agency's authority.
Tag kraken
Which Crypto Exchanges can INDIANS now use after Government crackdown?
In a significant move to regulate the rapidly growing cryptocurrency sector, India’s Financial Intelligence Unit (FIU) has issued show cause notices to nine offshore Virtual Digital Assets (VDA) service providers or crypto exchanges for alleged violations of the Prevention of…
SEC files lawsuit against Kraken; alleges mixing user funds
Key Takeaways Kraken, a major cryptocurrency exchange, is facing legal action from the U.S. Securities and Exchange Commission (SEC), which alleges that the platform operated as a securities exchange without obtaining the necessary registration. The SEC contends that Kraken commingled…
Crypto Exchange Kraken Expands in Europe with Coin Meester Acquisition
Key Takeaways In a strategic move to broaden its European footprint, United States-based cryptocurrency exchange Kraken has announced plans to acquire Coin Meester B.V. (BCM), a Netherlands-based cryptocurrency exchange. The announcement follows the European Union’s recent implementation of its Markets…
Kraken asked to disclose user information to the IRS
key takeaways: The recent request by the Internal Revenue Service (IRS) for Kraken, a prominent cryptocurrency exchange, to disclose user information has ignited a debate about privacy and regulatory oversight. The crypto community has expressed concerns about the potential erosion…
Kraken Fights Back Against IRS – Refuses to Reveal Crypto Users’ Identities
The IRS's request has been rejected by Kraken in an application to the federal court in San Francisco.
FTX-linked wallets move over $100M in stablecoins to exchanges
Three wallets connected to FTX and Alameda Research have reportedly transferred stablecoins valued $145 million.
Coinbase to continue offering staking despite SEC crackdown
Coinbase notes that users earn rewards from the decentralized protocols, and not from the exchange itself.
Kraken stops staking service, agrees to pay $30 Mln in penalties to S.E.C.
S.E.C. argues that by letting users hand over their crypto in exchange for a promised return, the exchange's staking service constituted a securities sale
Crypto Exchange Kraken faces SEC investigation over Securities Violations
The investigation pertains to certain offerings that Kraken has made to U.S. clients
