Where is Kraken exchange registered?

Payward Limited, commonly known as Kraken, has secured a significant milestone in the cryptocurrency landscape. The company has officially registered with the Financial Conduct Authority (FCA) in the United Kingdom, marking its entry into the realm of regulated cryptoasset businesses.

This registration, effective from 22 November 2021, signifies Kraken's commitment to adhering to the rigorous standards set by the FCA. It underscores the exchange's dedication to fostering a safe and secure environment for its users, fostering trust within the industry.

The registration falls under the ambit of the Money Laundering, Terrorist Financing, and Transfer of Funds (Information on the Payer) Regulations 2017, as amended (MLRs). These regulations are designed to prevent illicit activities such as money laundering and terrorist financing, ensuring that cryptocurrency transactions are transparent and traceable.

By complying with these regulations, Kraken demonstrates its commitment to ensuring that its platform is not used for nefarious purposes. It also underscores the company's readiness to embrace the evolving regulatory framework surrounding digital assets.

As a top cryptocurrency exchange, Kraken offers a wide range of services to its users. From spot trading to advanced derivatives products, the platform caters to traders of all levels, providing them with the tools and resources they need to navigate the dynamic cryptocurrency market.