Kraken is committed to ensuring that we comply with applicable laws and regulations. Our commitment to compliance, and evolving to keep up with regulatory change, positions us to advance our mission of accelerating global crypto adoption to promote financial freedom.

Proactive regulatory adaptation

Kraken has been proactive in adapting to regulatory changes. For instance, in 2013, when the U.S. FinCEN introduced new guidelines, we delayed our launch to ensure full compliance. This decision underscored our understanding that regulatory adherence is vital for our platform’s longevity.

Investing, upgrading and automating core components of our risk based program – such as BSA/AML, sanctions, governance, transaction monitoring, quality assurance and training programs – has been integral to our global compliance approach. 

In 2023, we testified before Congress to describe our risk management, security and client protection standards. We also highlighted potential enhancements within U.S. crypto rulemaking for Congress, citing legislative and regulatory advancements

Keep reading this article on Kraken.com.