Kraken has submitted preliminary documents for registration in Canada.
Cryptocurrency exchange Kraken has submitted the necessary documents to the country’s regulator in order to offer its services in Canada. Kraken will thus comply with Canada’s strict crypto rules.
Kraken Ready to Deliver More of Canada’s Strict Requirements
US-based cryptocurrency exchange Kraken will continue to operate in Canada and adhere to stricter rules set by the Canadian Securities Administrators (CSA), the country’s financial regulator.
In a press release from the cryptocurrency exchange, Kraken CanadaHe said he has made a pre-registration commitment with the Ontario Securities Commission as it works its way to becoming a registered Limited Dealer nationwide.
Canada has tightened its rules governing crypto exchanges. Additionally, it has set a deadline for committing a number of advanced pre-registration commitments (PRUs).
Kraken has been serving Canadian customers for over 10 years. The Exchange has been a Canadian Financial Transactions and Reports Analysis Center since 2019 ( FINTRAC) was registered in Canada as a money services business.
David Ripley, Kraken’s COO and future CEO, said in a statement:
“Canada as a geography is critical to our mission to empower people with new ways of connecting and transacting.”
