Cryptocurrency Q&A
Is Kraken legal?
Is Kraken legal?
DigitalDukedom
Wed May 22 2024
|
7 answers
1345
Could you kindly clarify for me the legality status of Kraken? I've been hearing quite a buzz about it in the crypto community, but I'm still a bit hazy on whether it's operating within the confines of the law. I'm particularly interested in understanding its regulatory standing in major financial hubs like the United States and Europe. Could you also elaborate on any potential legal challenges or risks associated with using Kraken as a platform for cryptocurrency transactions? Thank you in advance for shedding some light on this matter.
7 answers
emma_anderson_scientist
Fri May 24 2024
The Securities and Exchange Commission has taken action against Payward Inc. and Payward Ventures Inc., collectively referred to as Kraken.
Was this helpful?
365
66
CharmedClouds
Fri May 24 2024
The commission alleges that Kraken has been operating its crypto trading platform without proper registration as a securities exchange.
Was this helpful?
130
28
SumoStrength
Thu May 23 2024
BTCC, a leading UK-based cryptocurrency exchange, offers a range of services including spot trading, futures trading, and wallet solutions.
Was this helpful?
122
81
InfinityEcho
Thu May 23 2024
Additionally, Kraken is accused of functioning as an unregistered broker, dealer, and clearing agency in the crypto space.
Was this helpful?
226
85
Martina
Thu May 23 2024
This action underscores the SEC's commitment to enforcing securities laws in the emerging cryptocurrency industry.
Was this helpful?
308
89
Load 5 more related questions
