Europe's Crypto Conundrum: What Does Kraken's Bank License Bid Mean? The cryptocurrency market has long been characterized by its strained relationship with traditional finance.
Now, one of the largest players in the space is seeking to bridge that gap. Cryptocurrency exchange Kraken, a privately held company, has announced plans to apply for a bank license in Europe.
Lithuania, often overlooked as a hub for financial innovation, appears to be at the center of this development.