Payward Europe EMI License Highlights Kraken’s Regulated Fiat-Rail Expansion
Payward Europe, parent company of crypto exchange Kraken, has secured an Electronic Money Institution (EMI) license from the Bank of Lithuania. This license strengthens Kraken's regulated European operations, providing a direct, in-house framework for handling euro-denominated fiat and crypto payment services. It reduces reliance on third-party providers, aiming to make fiat currency onboarding more resilient for users. The move highlights the competitive importance of banking access and local licensing for crypto exchanges, especially as they align with evolving European regulations like MiCA. While immediate user changes may be minimal, the license signals Kraken's continued investment in building deeper, regulated infrastructure within the European market.
bitcoinist07/08 09:22
