Crypto Firm Kraken Plots Bank Purchase to Expand Europe Presence
BLOOMBERG LAW ·
Payward Inc. , the parent company of crypto exchange Kraken, is planning to buy a Lithuanian bank as part of its strategy to expand in Europe, according to people familiar with the deal. The company has been in discussions to acquire a specific lender, the people said, declining to identify it because the talks are private. The transaction would require regulatory approval, and there is no certainty a deal will be reached. A spokesperson for Payward and Kraken declined to comment. Kraken is already authorized to do business in the European Union by having a MiCA license — referring to ... Bloomberg Law provides trusted coverage of current events enhanced with legal analysis. Log in to keep reading or access research tools and resources.
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