Kraken Pushes Regulators to Speed Up Crypto Rulebook
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Kraken has issued a challenge to UK regulators, urging them to speed up the implementation of a crypto rulebook to keep pace with rival jurisdictions like the EU.
Despite the UK being one of Kraken’s largest global markets, Managing Director Bivu Das said the slow pace is preventing the launch of innovative products like “xStocks”—a tokenized asset product already succeeding in Europe.
“The UK can do better,” Das implied, warning that the country’s “outcome-based” approach will fail if it doesn’t allow for faster market testing.
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