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Published 1 year ago

Kraken to halt sale of securities through crypto staking services: SEC

Summary by CNBC
Crypto exchange Kraken will settle with the SEC for $30 million and close its staking operation, which the SEC alleged was an unregistered offering.

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ReutersReuters

U.S. SEC targets crypto 'staking' with Kraken crackdown

Crypto exchange Kraken agreed to shut down its U.S. cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings.

1 year ago·United Kingdom
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The Star Kuala LumpurThe Star Kuala Lumpur

U.S. SEC targets crypto 'staking' with Kraken crackdown

(Reuters) -Crypto exchange Kraken agreed to shut down its cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings.

1 year ago·Malaysia
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CNBCCNBC

Crypto exchange Kraken settles with SEC for $30 million, will close U.S. staking operation

Crypto exchange Kraken will settle with the SEC for $30 million and close its staking operation, which the SEC alleged was an unregistered offering.

1 year ago·United States
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ABC AustraliaABC Australia

Crypto exchange Kraken to shut down staking service for US users, pay $43m in fines

The settlement marks the regulator's first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.

1 year ago·Australia
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Channel News AsiaChannel News Asia

Crypto exchange Kraken to end staking service, pay fine in US SEC settlement

:Crypto exchange Kraken agreed to shut down its cryptocurrency staking service and pay $30 million in penalties to settle U.S. Securities and Exchange Commission charges that it failed to register the program, the agency said on Thursday, in a move that could cause headaches for platforms with similar offerings.

1 year ago·Singapore
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IBTimesIBTimes

SEC In Advanced Stage Of Investigation Over Kraken's Securities Violation: Report

If the SEC rules against Kraken, it could have a major impact on the cryptocurrency industry, which is already neck-deep in scrutiny.

1 year ago·United States
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