Kraken Exchange received a license to operate in the Netherlands
In a significant development for the cryptocurrency industry, Kraken, a popular cryptocurrency exchange, has been granted a Virtual Asset Service Provider (VASP) license by the Dutch Central Bank (DNB).
This license enables Kraken to offer a range of services related to digital assets in the Netherlands, including exchange, transfer, custody and wallet services.
The exchange has already strategically targeted key European markets with existing VASP licenses in Spain, Italy and Ireland. In addition, it operates through a licensed subsidiary in Belgium.