Kraken was granted a VASP registration with the Dutch Central Bank, enabling it to offer exchange, transfer, custody and wallet services for virtual assets in the country.
Crypto exchange Kraken has secured its fourth license in Europe, making its compliant services now available in the Netherlands.
According to an announcement on Feb. 8, the exchange was granted a virtual asset service provider (VASP) registration from the Dutch Central Bank (DNB), giving it the ability to offer exchange and transfer services of virtual assets, as well as custody and wallet services.
A VASP license is a regulatory framework designed to oversee businesses that provide services related to digital assets. Under the regulation on Markets in Crypto-Assets (MiCA), entities providing services related to digital assets within the European Union must comply with a range of requirements, including preventing money laundering and terrorist financing and ensuring client information is disclosed and transparent.
