Cryptocurrency exchange Kraken stayed in Canada despite demanding new registration requirements, and the firm in fact benefited from them, the exchange’s country director said in an interview.
Size and energy allowed Kraken to stay in Canada after the imposition of new registration requirements for crypto exchanges in February. But in spite of the demanding process, the regulatory clarity has benefited the company, Kraken managing director for Canada Mark Greenberg said.
Speaking to Cointelegraph’s Sam Bourgi at the Blockchain Futurist Conference in Toronto, Greenberg had positive things to say about the Canadian regulatory environment: “The Canadian regulators have been collaborative, helpful. […] There’s a clear regulatory pathway. It’s allowed us to invest in the country.”
Kraken has a staff of over 250 in Canada, Greenberg said. That strong base has been key to the company’s success in the country. After registration rules for crypto exchanges
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