Cryptocurrency exchange Kraken has received an Electronic Money Institution (EMI) license from the Central Bank of Ireland and a virtual asset service provider (VASP) registration from the Bank of Spain.
According to the Sept. 26 announcement, the EMI license enables Kraken to expand euro-to-crypto trading services to 27 European Union member states and European Economic Area countries. Meanwhile, the VASP registration in Spain allows Kraken to offer exchange and wallet custodial services to Spanish residents. The firm is also registered as a VASP in Italy and Ireland.