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Kraken aims for restricted dealer registration in Canada to comply with new rules

Crypto exchange Kraken has filed a preregistration undertaking with the Ontario Securities Commission in Canada seeking restricted dealer status. United States-based Kraken is already active in Canada and is acting to comply with the new guidance.

Kraken is registered in Canada as a money services business and has been operating there for over 10 years. The Canadian Securities Administrators (CSA) implemented new guidance for crypto asset trading platforms on Feb. 22, requiring Kraken to file a preregistration undertaking legally committing it to observe new investor protections.

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