Friday, 24 March, 2023
Kraken Ceases Crypto Staking Services for US Clients After $30M SEC Charge
<p>Kraken, a cryptocurrency exchange, has discontinued its crypto staking services for its US clients due to a $30 million SEC (Securities and Exchange Commission) charge. The move follows the SEC's recent enforcement action against crypto staking providers for offering unregistered securities. The decision has come as a surprise to many in the crypto industry, as Kraken was one of the first exchanges to offer staking services. </p>
Read full story at FT
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