Friday, February 3

Tag: Kraken

Top Exchange Kraken To Support LUNC 1.2% Tax Burn Proposal
Cryptocurrency

Top Exchange Kraken To Support LUNC 1.2% Tax Burn Proposal

The support for the LUNC 1.2% tax burn is on the daily increase as another top cryptocurrency exchange announces its support for the proposal. According to a tweet by Kraken Exchange, an official Twitter handle of the Kraken crypto exchange disclosed its plan to support for the LUNC 1.2% tax burn following its official announcement of the same purpose on its website. Read Also: Crypto.com Adds LUNC To The Top Gainers’ List As It Spike By almost 20% https://twitter.com/krakenfx/status/1570061080004624384 Kraken stated in its official announcement that all users should be conscious of the fact that the exchange will add a fee as a means to introduce the 1.2% tax burn on LUNC and UST on-chain transactions. Concerning LUNC and UST deposits, Kraken says, “When depositing LUN...
Kraken Obtains License to Operate in Abu Dhabi: Report
Cryptocurrency

Kraken Obtains License to Operate in Abu Dhabi: Report

The number of cryptocurrency exchanges with a license to operate in the Emirates is on the rise, with the latest edition being the latest edition in the Kraken. The veteran US exchange is the latest to receive a license to function as a virtual asset trading platform in Abu Dhabi. Thus, Kraken follows a similar example set by other industry giants such as Binance and FTX. Read Also: 86.6 Billion SHIB Bought by Whale, Who Grabbed Almost 2 Trillion SHIB in April Inquest to aid the nation’s cryptocurrency engagement, the UAE has been among the leaders in terms of clear regulations since 2018, which has opened the door for many industry participants to join in. As stated by the Bloomberg report, the latest to get licensed within the nation’s borders is the US digital asset ex...