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Crypto Exchange Kraken Commits to Tougher Rules Required by Canada

Kraken, the U.S.-based cryptocurrency exchange, has filed a pre-registration undertaking with the Ontario Securities Commission as it works towards becoming a registered Restricted Dealer across Canada. The move comes as Canada tightens its rules governing crypto exchanges and sets a deadline for exchanges to commit to a set of enhanced pre-registration undertakings (PRU). Kraken has served Canadian clients for over 10 years and has over 250 team members based in Canada. The exchange had been registered as a money services business in Canada with the Financial Transactions and Reports Analysis Centre of Canada (FINTRAC) since 2019.

(By Ian Allison)

Kraken Canada
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