Kraken's focus is on Lithuania as the jurisdiction to secure the license, according to a person familiar with the plans. Kraken would be following the same path as Revolut, which holds a specialized European banking license issued by the Bank of Lithuania in 2018. Kraken’s plan is to acquire licenses over the next 10 years, either through acquisitions or by starting from scratch in each region, said CEO Arjun Sethi at a recent conference. Kraken, the cryptocurrency exchange planning to go…
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