Cryptocurrency exchange Kraken has achieved a new compliance milestone by obtaining registration in Canada.
The Ontario Securities Commission (OSC) granted Kraken a restricted dealer registration on April 1, as stated on the OSC's official website.
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This registration underscores Kraken's dedication to Canadian investors, as its platform currently has more than C$2 billion ($1.4 billion) in assets under custody.
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In conjunction with this registration, Kraken has appointed Cynthia Del Pozo as managing director for North America.
The Canadian Securities Administrators (CSA) classifies restricted dealer registration as one of eight types of company registration in Canada, indicating the products and services a company can offer.