Kraken Hires Ex-Bitstamp Head of Business Development
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Cryptocurrency exchange Kraken has hired Miha Grčar, a former Head of Business Development at Bitstamp. In Kraken, Grčar will hold the same position to lead the next phase of the exchange's growth in the European market.

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Grčar will also help to achieve banking relationships and forge new partnerships with stakeholders.

"There is still a long way to go when it comes to educating potential partners coming from the traditional financial space," Grčar says.

Kraken's new head of business development believes that regulatory fragmentation in Europe breaks the single market, which is no good for the cryptocurrency industry in general.

In September, the European Commission published the draft of a legal framework to regulate cryptocurrencies in the bloc.

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The draft aims to regulate both cryptos and stablecoins. In particular, it refers to the need for a "solid" legal framework that clearly defines the regulatory treatment of all cryptoassets that are not covered by existing EU financial services legislation. According to the commission, stablecoins, due to their potential mass adoption, should be subject to "more stringent requirements" regarding capital, investor rights and supervision.

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