Market Cap: $2.7028T -1.750%
Volume(24h): $49.463B -31.370%
Fear & Greed Index:

22 - Extreme Fear

  • Market Cap: $2.7028T -1.750%
  • Volume(24h): $49.463B -31.370%
  • Fear & Greed Index:
  • Market Cap: $2.7028T -1.750%
Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos
Top Cryptospedia

Select Language

Select Language

Select Currency

Cryptos
Topics
Cryptospedia
News
CryptosTopics
Videos

Is Kraken regulated?

Kraken's adherence to regulations assures customers of its compliance with industry best practices, including measures for anti-money laundering and customer protection.

Sep 27, 2024 at 05:06 pm

Is Kraken Regulated?

Yes, Kraken is regulated by several financial authorities, including:

  1. Financial Crimes Enforcement Network (FinCEN): Kraken is registered as a Money Services Business (MSB) with FinCEN, the U.S. Treasury Department's agency tasked with regulating entities involved in transmitting, exchanging, or storing value that substitutes for currency.
  2. New York State Department of Financial Services (NYDFS): Kraken holds a BitLicense, a comprehensive license for virtual currency companies that requires compliance with various regulatory requirements, including anti-money laundering and know-your-customer (KYC) measures.
  3. Canada's Financial Transactions and Reports Analysis Centre of Canada (FINTRAC): Kraken is registered as a Money Services Business (MSB) with FINTRAC, the Canadian government agency responsible for preventing money laundering and terrorist financing.
  4. United Kingdom's Financial Conduct Authority (FCA): Kraken is a registered crypto asset business with the FCA, which requires adherence to Anti-Money Laundering (AML) regulations and customer protection measures.
  5. Australian Transaction Reports and Analysis Centre (AUSTRAC): Kraken is a registered Digital Currency Exchange (DCE) with AUSTRAC, the Australian government agency responsible for combating money laundering and terrorism financing.

These regulations provide assurance to customers that Kraken operates within legal frameworks and complies with industry best practices, including implementing KYC and AML procedures to prevent illegal activities.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research!

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

Related knowledge

How do I contact customer service on Binance to resolve issues?

How do I contact customer service on Binance to resolve issues?

Mar 16,2025 at 04:30am

Key Points:Binance's customer service is primarily self-service, relying heavily on its help center and FAQs.Direct contact methods are limited, with email support being the most common route for non-urgent issues.Urgent issues may require using the in-app support system, though response times can vary.Understanding Binance's support structure and utili...

How do I set up a subaccount on Binance?

How do I set up a subaccount on Binance?

Mar 14,2025 at 01:50pm

Key Points:Binance does not offer traditional "subaccounts" in the sense of separate accounts with independent logins under a master account.Instead, Binance offers features like user-defined labels for better portfolio management and API keys for automated trading. These provide functionality similar to subaccounts.Setting up these features involves na...

How do I view the list of supported currencies on Binance?

How do I view the list of supported currencies on Binance?

Mar 15,2025 at 05:35am

Key Points:Binance supports a vast and frequently updated list of cryptocurrencies. There's no single, static list.Finding supported currencies requires navigating Binance's website or app interfaces.Different sections of the exchange show different subsets of supported currencies (e.g., trading, staking, etc.).The availability of specific cryptocurrenc...

How do I view account security settings on Binance?

How do I view account security settings on Binance?

Mar 15,2025 at 08:40pm

Key Points:Binance's security settings are spread across multiple sections of your account. This article will guide you through each crucial area.Understanding and implementing these settings is paramount to protecting your cryptocurrency assets.We'll cover two-factor authentication (2FA), withdrawal whitelists, and other essential security features.Reg...

How do I use grid trading on Binance?

How do I use grid trading on Binance?

Mar 14,2025 at 04:25pm

Key Points:Grid trading on Binance involves automatically buying low and selling high within a defined price range.Binance offers a built-in grid trading bot, simplifying the process.Setting up a grid bot requires defining parameters like price range, grid quantity, and investment amount.Risk management is crucial, as losses are possible despite the aut...

How to apply for merchant certification on Binance?

How to apply for merchant certification on Binance?

Mar 14,2025 at 09:55am

Key Points:Binance merchant certification is a multi-step process requiring thorough preparation and adherence to Binance's strict guidelines.Applicants must meet specific criteria related to business legitimacy, financial stability, and security protocols.The application process involves submitting extensive documentation and undergoing a rigorous revi...

How do I contact customer service on Binance to resolve issues?

How do I contact customer service on Binance to resolve issues?

Mar 16,2025 at 04:30am

Key Points:Binance's customer service is primarily self-service, relying heavily on its help center and FAQs.Direct contact methods are limited, with email support being the most common route for non-urgent issues.Urgent issues may require using the in-app support system, though response times can vary.Understanding Binance's support structure and utili...

How do I set up a subaccount on Binance?

How do I set up a subaccount on Binance?

Mar 14,2025 at 01:50pm

Key Points:Binance does not offer traditional "subaccounts" in the sense of separate accounts with independent logins under a master account.Instead, Binance offers features like user-defined labels for better portfolio management and API keys for automated trading. These provide functionality similar to subaccounts.Setting up these features involves na...

How do I view the list of supported currencies on Binance?

How do I view the list of supported currencies on Binance?

Mar 15,2025 at 05:35am

Key Points:Binance supports a vast and frequently updated list of cryptocurrencies. There's no single, static list.Finding supported currencies requires navigating Binance's website or app interfaces.Different sections of the exchange show different subsets of supported currencies (e.g., trading, staking, etc.).The availability of specific cryptocurrenc...

How do I view account security settings on Binance?

How do I view account security settings on Binance?

Mar 15,2025 at 08:40pm

Key Points:Binance's security settings are spread across multiple sections of your account. This article will guide you through each crucial area.Understanding and implementing these settings is paramount to protecting your cryptocurrency assets.We'll cover two-factor authentication (2FA), withdrawal whitelists, and other essential security features.Reg...

How do I use grid trading on Binance?

How do I use grid trading on Binance?

Mar 14,2025 at 04:25pm

Key Points:Grid trading on Binance involves automatically buying low and selling high within a defined price range.Binance offers a built-in grid trading bot, simplifying the process.Setting up a grid bot requires defining parameters like price range, grid quantity, and investment amount.Risk management is crucial, as losses are possible despite the aut...

How to apply for merchant certification on Binance?

How to apply for merchant certification on Binance?

Mar 14,2025 at 09:55am

Key Points:Binance merchant certification is a multi-step process requiring thorough preparation and adherence to Binance's strict guidelines.Applicants must meet specific criteria related to business legitimacy, financial stability, and security protocols.The application process involves submitting extensive documentation and undergoing a rigorous revi...

See all articles

User not found or password invalid

Your input is correct