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Kraken Has Selected Crypto Risk Metrics To Supply MiCAR-Compliant White Papers
Kraken has selected German data-provider Crypto Risk Metrics to supply MiCAR-compliant white papers in order to ensure compliance with the respective laws in the European Union. By selecting the market-leader in crypto risk-based assessments, Kraken underscores its commitment to regulatory compliance as it expands European adoption of crypto assets.
“As European crypto adoption supercharges, we’re committed to working with a range of industry leaders, including Crypto Risk Metrics, to enhance Kraken’s offering for clients. Their expertise and industry-leading white paper solution not only enable us to deliver high-quality, compliant products to our European clients, but also support us in expanding the range of assets we can list for them — unlocking new growth opportunities for our operation,” said Andrew Mulvenny, General Manager of Kraken’s Trading Platform.
Tim Zölitz, CEO of Crypto Risk Metrics GmbH, adds: “We are very happy to support an industry leader like Kraken. We have been working with Kraken already, and it is always nice when existing clients expand their relationships to suppliers, as this obviously means you are doing something right.”
With the implementation of MiCAR, it is expected the market will consolidate, for the provision of risk-based assessments. SaaS firms, like Crypto Risk Metrics, that provide state-of-the-art compliance and risk data will remain essential, enabling crypto platforms like Kraken to enhance consumer protections under a pan-European regulatory framework.
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