The post Crypto exchange Kraken is trying to become a bank in Europe appeared on BitcoinEthereumNews.com.
Kraken, the cryptocurrency exchange planning to go public in the U.S., is pursuing a full banking license in Europe, with a focus on Lithuania as the jurisdiction to secure it, according to a person familiar with the plans. If the firm gets the license, Kraken would be the only crypto exchange to have such a designation. It will also tread the same regulatory path as fintech major Revolut, which holds a specialized European banking license issued in 2018 and regulated by the Bank of Lithuania. This allowed Revolut to offer full current accounts, consumer lending, and stock trading across the European Economic Area (EEA). Kraken declined to comment on the plans. A spokesman for the Bank of Lithuania said the licensing process of financial market participants is confidential. Other fintech firms holding a banking or specialized bank license in Lithuania include Mano Bank, PayRay, Eur
The post Europe’s MiCA Did Not Approve a Single Asset Under This Category appeared on BitcoinEthereumNews.com.
Not a single company has been approved to issue an asset-referenced token (ART) under the EU’s Markets in Crypto-Assets (MiCA) regulation, two years after the rules took effect. ARTs are stablecoins backed by gold, other assets, or currency baskets. Unlike ordinary stablecoins that track one currency, such as the euro or dollar, an ART references several assets at once. Why MiCA’s ART Framework Has No Takers ARTs are designed to maintain stable value by being backed by multiple assets, rather than a single fiat currency. Examples include tokens backed by: A mix of assets, such as currencies, commodities, or other crypto assets. A basket of currencies (such as 50% euro, 50% US dollar). Gold or other commodities. MiCA reserves one of its largest sections, Title III, for these products. Lawmakers drafted the title after Facebook’s Libra, whose currency-basket design alarmed centr
The post Kraken wins $22M as Arjun Sethi blasts Operation Chokepoint 2.0 appeared on BitcoinEthereumNews.com.
Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. Summary Kraken secured a $22 million arbitration award against former auditor Mazars over its withdrawn 2022 audit. Co-CEO Arjun Sethi linked the dispute to Operation Chokepoint 2.0 and called for passage of the CLARITY Act. The exchange continues expanding its product suite with tokenized stock collateral and institutional lending services. According to a letter published Tuesday by Kraken co-CEO Arjun Sethi, parent company Payward has asked the Delaware Court of Chancery to enter judgment on the arbitration award after prevailing against Mazars USA. The dispute centers on the firm’s withdrawal from Kraken’s nearly completed 2022 audit, which Sethi said caused financial damage to the exchange. Am
Kraken has secured a $22 million arbitration award against its former auditor Mazars USA, with co-CEO Arjun Sethi linking the dispute to what he described as Operation Chokepoint 2.0. According to a letter published Tuesday by Kraken co-CEO Arjun Sethi,…
The post Kraken Seeks Delaware Judgment After $22M Arbitration Win appeared on BitcoinEthereumNews.com.
Payward, the parent company of crypto exchange Kraken, has won a $22 million arbitration award against former auditor Mazars USA and asked the Delaware Court of Chancery to enter judgment on the award, according to a letter published Tuesday by co-CEO Arjun Sethi. Payward said Mazars withdrew from the exchange’s nearly completed 2022 audit despite finding no fraud, raising no concerns about management’s integrity and reporting no disagreements with the company. “An audit is not a favor. It is oxygen,” Sethi wrote, arguing that independent audits are essential for obtaining banking services, licenses and other business relationships. Sethi said Mazars’ resignation was part of what he described as Operation Chokepoint 2.0, a broader campaign that pressured banks, auditors and other institutions to cut ties with lawful crypto companies. The letter cited a series of regulatory developmen
The post Kraken Seeks Final Judgment After $22 Million Award Against Former Auditor appeared on BitcoinEthereumNews.com.
Payward, the parent company of the cryptocurrency exchange Kraken, has asked the Delaware Court of Chancery to enter a final judgment against its former auditor, Mazars USA, after an arbitrator awarded the firm $22 million. The exchange disclosed the request on July 7 through an open letter from co-CEO Arjun Sethi and a series of posts from CEO Dave Ripley. The dispute traces to December 2023, when Mazars withdrew from Kraken’s 2022 audit days before its completion. Mazars had audited Kraken for three prior years and issued two clean opinions, according to the company. In writing, Sethi said, the auditor confirmed it had no disagreement with management, no concerns about the firm’s integrity, and no findings of fraud. Mazars attributed its resignation to legal developments, among them a complaint the Securities and Exchange Commission had filed against Kraken weeks
Kraken's pursuit of a full banking license in Lithuania could reshape its European operations, enhancing service offerings and competitive positioning.
The post Kraken pursues full banking license in Lithuania as European ambitions deepen appeared first on Crypto Briefing.
The post KuCoin Becomes Official Partner of UAE Team Emirates – XRG, Debuts at the Tour de France appeared on BitcoinEthereumNews.com.
PROVIDENCIALES, Turks and Caicos Islands, July 7, 2026 / — KuCoin, a leading global cryptocurrency exchange, today announced its official partnership with UAE Team Emirates – XRG, one of the world’s premier professional cycling teams. This landmark collaboration will make its grand public debut at the 2026 Tour de France, with KuCoin’s branding prominently featured across all team buses, support vehicles, and fleet cars throughout the prestigious three-week race. Under this exclusive agreement, KuCoin will serve as the team’s sole partner in the categories of CryptocurrencyExchanges, Blockchain Trading Platforms, and CryptoWallet Services. The partnership unites two high-performing organizations driven by a shared commitment to innovation, precision, and long-term excellence. The Tour de France represents the pinnacle of cycling, where victories are for
The crypto exchange's parent company says Mazars' withdrawal from its 2022 audit caused millions in damages and tied the dispute to Operation Chokepoint 2.0.
