Kraken received EMI authorization in the UK

Kraken has achieved Electronic Money Institution (EMI) authorization from the U.K. Financial Conduct Authority (FCA), paving the way for significant growth in its U.K. operations. This license will enable quicker deposits and withdrawals for clients, enhance collaborations with traditional financial institutions, and solidify Kraken's market position amid rising crypto adoption, as evidenced by a growing number of U.K. adults engaging with cryptocurrency.

Source: blog.kraken.com