Crypto Exchang Kraken has officially received its MICA markets (MICA) license From the central bank in Ireland, which makes it one of the first main platforms that obtained full approval under the framework of the new digital assets of the European Union. this license Karskin is allowed to provide its services in all thirty countries in the European Economic Zone from one organizational base.
Approval represents a turning point not only for kakkin but for how encryption companies work all over Europe to move forward. Instead of dealing with a set of national rules, the stock exchange now gets one unified path forward.
What does this mean for Kraken’s business in Europe
with license At hand, Kraken can now provide a wide range of services to individual and institutional customers throughout the region. This includes encryption trading, custody, payment services, portfolio management, and derivatives. the license The company is also allowed to version Stablecoins, provided that it meets MICA requirements.
Kraken now mica licensed
Greenlit by the Central Bank in Ireland, we have been cleared in all states of EA thirty.
Guaranteed license. The expansion of the European Union is not closed.
Let’s build
https://t.co/nryyvmjueu pic.twitter.com/iv6bz1whej
– Krakeen Exchang (@krakenfx) June 25, 2025
To date, Krakin king He worked under many local registrations in countries Love France, Italy and Spain. These arrangements were made, but it came with restrictions. Mika Designed to solve this, and Irish Krakeen license It is the first real test of the success of this system in practice.
Discover: 9+ best highly risk encryption, highly bonus for purchase in June 2012
The role of Ireland as a coding gate
Ireland was not chosen randomly. Kraken already runs an electronic money company there, which It gives He – she ability To provide payment services for the euro and breeds on the slopes. Country He has A strong Technical presence and consistent reputationfor Transparent organization. This mixture made a natural home base for European operations wider for a corner.
The central bank in Ireland was keen on those who agreed to it, and this license Just came after Kraken as a in -depth review. With this teacher, Ireland joins the brief list of countries that place themselves in major encryption centers under Mika, along with Places like Luxembourg, France, and Malta.
Discover: Crypto 1000X Next: 10+ encrypted codes that can reach 1000x in 2025
Mika reshapes the encryption map
The MICA framework began completely in December 2024 and aims to provide Europe with one bases for digital asset companies. Before that, encryption companies had to move in a mixture of national laws that often overlap or contradict. Now, as soon as the company acquires approval in one country, it can operate throughout the European Union without repetition The same process Over and over again.
This is a big step forward for companies like Kraken, which tries to expand its scope of cross -border services. MICA also defines consumer protection rules, stablecoins reserve requirements, and transparency of asset custody. The goal is to make Crypto closer to the criteria seen in traditional financing, leaving space for innovation.
What comes after that
Mika kaqin license It opens the door for larger moves in Europe. The company expects to expand its product lineup, and offer new services in more countries. It may also bring more institutions to its platform.
It also puts a precedent. With many other exchanges you apply for Licensing Under the same frame, Kraken’s approval can help determine how to deal with future applications. At the present time, the message is clear: Mika is no longer just a policy on paper; It is the book of the rules that the industry began to follow.
He discovers: 20+ next to the explosion in 2025
Join Discord 99bitcoins News here to get the latest market updates
Main meals
-
Kraken Mika received license From Ireland, it was granted legal approval to work in all 30 countries under one regulatory framework.
-
This is a shift away from the fragmented national encryption laws in Europe, allowing Kraken to expand services such as trading, custody and payments more efficiently.
-
It made the infrastructure in Ireland and the current KRKEN presence there is a strategic choice for the European Unionโs headquarters for the stock exchange.
-
Mica Framework provides standards at the European Union Consumer Protection level, niches, and transparency in the nursery of digital assets.
-
Crackers license It puts a precedent for other encryption companies that apply under MICA, which is likely to constitute how to implement the regulation of encryption in the European Union to move forward.
Post Kraken won the first European Union license under MICA through the Irish Central Bank first appeared on 99bitcoins.