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Bitcoin exchange Kraken plans to pull out of Japan

Carl Court/Getty Images

Kraken, one of the largest cryptocurrency exchanges in the world, is pulling out of Japan, the company announced Tuesday.
The news comes as Japanese regulators ramp up oversight over the country's crypto exchanges.

Kraken, one of the largest cryptocurrency exchange operators in the world, is pulling out of Japan, the company announced in a statement Tuesday.

The pull out comes as regulators in the country ramp up oversight efforts after the $500 million hack of Coincheck, one of Japan's domestic exchanges, at the beginning of 2018.

Kraken said it is ceasing operations in Japan to focus its efforts on other regions, but market watchers expect that it might be connected to regulatory pressure from the Japanese Financial Services Agency (FSA). Kraken said it might consider re-entering the market at a later point.

Japan has given out a number of licenses for cryptocurrency exchanges to operate in the country. Kraken, however, was given special permission to operate without one.

Japanese regulators have been cracking down on a number of unlicensed exchanges in the wake of the Coincheck hack.

Notably, regulators in the country issued a warning to Binance, the world's largest cryptocurrency exchange, in March. A number of exchanges have shut their doors in the country, including Mr. Exchange and Tokyo Gateway, per reporting by CoinDesk.

Yo Sub Kwon, the chief executive officer of Hosho, which provides cybersecurity services to exchanges, told Business Insider the regulatory response is "an overdue reaction."

Speaking specifically about Kraken, Kwon thinks "they are going to pull out temporarily and go back to the FSA when they are ready to register with them."

Kwon founded Coinsetter, a cryptocurrency exchange acquired by Kraken in 2016. To be sure, Kwon is not officially affiliated with the exchange.

Japan has been a notable haven for cryptocurrency trading. 40% of bitcoin trading from October to November was conducted in yen, according to a Nikkei report cited in a note by Masao Muraki, a global financial strategist at Deutsche Bank.

The country was among the first to designate bitcoin as a legal tender and it has one of the most well-established regulatory environments for cryptocurrencies.

As for Kraken, the company oversees the trading of as much as $41 million worth of bitcoin on its platform in a 24-hour period, according to data provider CoinMarketCap.

A spokesperson for the company did not respond to a message seeking comment.

Kraken is a prominent [1] bitcoin exchange operating in Canada, [2] the EU, [3] Japan, [4] and the US, and "the world's largest bitcoin exchange in euro volume and liquidity". [5] [6] [7] [8] [9]

Adding Funds

Bitcoins funds are credited to the exchange account after six confirmations.

EUR bank transfers (SEPA) are accepted for deposits at no charge by the exchange. International wire transfer (EUR) are accepted.

International or domestic (U.S.) wire transfer.

Withdrawing Funds

Bitcoins may be withdrawn at no charge.

SEPA (EUR) and International Bank Wire Transfer (EUR) are supported.

International and domestic (U.S.) bank wire transfer (USD) is supported.

The service launched publicly [10] . Kraken is operated by Payward, Inc. of California, USA. On September 26, 2013 Kraken began supporting USD trading [11] .

Acquisitions

Several acquisitions of other bitcoin businesses have allowed Kraken to expand rapidly.

19 January 2016 - the American Coinsetter and the Canadian Cavirtex [12][13]
27 June 2016 - the Dutch CleverCoin [3]
13 December 2016 - the American Glidera [14]
1 March 2017 - charting and trading platform CryptoWatch [15]

Kraken CEO Condemns “Hostile” Questionnaire Issued by New York AG

Jessie Powell, the CEO of U.S.-based cryptocurrency exchange Kraken, has publicly stated his refusal to answer a questionnaire issued by the New York Attorney General’s office. Mr. Powell has described the questionnaire – which was sent to thirteen virtual currency exchanges operating in the United States – as hostile to both cryptocurrencies and the virtual currency sector generally.

Kraken CEO Rejects Questionnaire From New York Regulators

The chief executive officer of major cryptocurrency exchange Kraken, has criticized a questionnaire sent to thirteen cryptocurrency exchanges operating in the United States by the office of the New York Attorney General.

Kraken described the questionnaire for “Virtual Markets Integrity Initiative” as comprising a “tone-deaf response” to the emerging cryptocurrency on the part of New York’s regulators. The company claims to be “happy to help government understand our business” under “ordinary” circumstances, however, describes the questionnaire as being overtly “hostile to crypto,” and indicative of hostility toward the industry on the part of the state of New York generally.

On his private Twitter account, Mr. Powell also described acceptance of the questionnaire as comprising “placative kowtowing.”

Eric Voorhees, the chief executive officer of Shapeshift, thanked Mr. Powell for his comments on Twitter, stating “thank you for taking the ethical stance and speaking up for what’s right. Crypto has brought more transparency to finance and protection to consumers than the last 100 years of bureaucratic nonsense that has spilled from the sewers of New York.”

Office of New York Attorney General Issued Questionnaire to Thirteen Cryptocurrency Exchanges

The so-called questionnaire comprises a 34-point survey requesting that exchanges provide information including that pertaining to their ownership structure, basic operations, know-your-customer (KYC) policies, and anti-money laundering procedures by May 1st.

The questionnaire has been issued to Coinbase, Inc., Gemini Trust Company, Bitflyer USA, Inc., iFinex Inc (Bitfinex), Bitstamp USA Inc., Payward, Inc. (Kraken), Bittrex, Inc., Circle Internet Financial Limited (Poloniex), Binance Limited, Elite Way Development LLC (Tidex), Gate Technology Inc, Itbit Trust Company, and Huobi Global Limited.

New York Attorney General, Eric Schneiderman, claimed that “With cryptocurrency on the rise, consumers in New York and across the country have a right to transparency and accountability when they invest their money. Yet too often, consumers don’t have the basic facts they need to assess the fairness, integrity, and security of these trading platforms” in a press release issued on April 17th. “Our Virtual Markets Integrity Initiative sets out to change that, promoting the accountability and transparency in the virtual currency marketplace that investors and consumers deserve,” Mr. Schneiderman added.

Following Mr. Powell’s rejection of the questionnaire, Amy Spitalnick, a spokeswoman for Eric Schneiderman, described the questionnaire as having requested “very basic information that any credible platform should have on hand and be willing to share with their investors […] Legitimate entities generally like to demonstrate to their investors that their money will be protected.”

How do you feel about the questionnaire issued to cryptocurrency exchanges by the office of the New York Attorney General? Share your thoughts in the comments section below!

Images courtesy of Shutterstock, Times of Israel

Kraken Review – Is This Bitcoin Exchange Reliable?

Last updated on January 11th, 2018 at 10:52 pm

Kraken, headquartered in San Francisco, California, claims to be the largest Bitcoin exchange in terms of euro volume and liquidity. It operates across the United States (with the exception of New York due to the BitLicense) and Canada, as well as in the European Union and Japan.

Founded by Jesse Powell in 2011, Kraken is known for its low transaction fees, wide range of features, and overall security. Following the bankruptcy of former bitcoin exchange Mt. Gox, the Kraken platform assisted in processing claims.

On Kraken, you can purchase Bitcoin, Ethereum, Litecoin, and a range of other cryptocurrencies with fiat currencies, including US dollars, euros, and Japanese yen. There’s also the option of margin trading for more experienced users. Kraken’s interface offers plenty of options, but it isn’t the most beginner friendly—something to consider if you’re new to cryptocurrency.

In November 2017, CEO Jesse Powell apologized for the issues plaguing the exchange. Kraken was struggling to cope with increasing demand for cryptocurrencies, resulting in users receiving many different error messages and having difficulty using the exchange for its intended purpose. In order to better deal with this, the exchange promised a major upgrade for early December 2017.

Currency support

Kraken accepts the following fiat currencies:

euros (EUR)
US dollars (USD)
Canadian dollars (CAD)
British pounds (GBP)
Japanese yen (JPY)

Deposits and withdrawals can be made via SEPA, SWIFT, and wire transfers. In almost all cases, deposits and withdrawals can be expected to take 1–5 business days. In my experience, the average deposit has taken as little as 24 hours. It’s free to deposit most of the accepted cryptocurrencies, but there’s a small address setup fee in a few cases.

With regard to fiat deposits, SEPA deposits are free, making Kraken particularly convenient if you’re in the European Union and your location is on the list of SEPA countries. A bank wire transfer from within the United States costs $5 and $10, whereas it costs €10 or £10 from outside of the United States.

In terms of cryptocurrencies, Kraken currently supports 18 different coins:

Bitcoin (XBT)
Bitcoin Cash (BCH)
Dash (DASH)
EOS (EOS)
Ethereum Classic (ETC)
Ethereum (ETH)
Gnosis (GNO)
Iconomi (ICN)
Litecoin (LTC)
Melon (MLN)
Augur (REP)
Tether (USDT)
Dogecoin (XDG)
Stellar Lumens (XLM)
Monero (XMR)
Ripple (XRP)
Zcash (ZEC)

Country support

Kraken is available all over the world, but there are only two language options available on the website: English and Japanese. The exchange can also be accessed via the iOS app; however, reviews aren’t great, and the general consensus is that it’s unreliable and has too many bugs.

Kraken’s fees are among the lowest of all the major bitcoin exchanges. The fees you pay depend on the tier of your account (more on this later): the higher the tier, the more volume you can trade with your account. The more volume you’re trading, the lower the fees. In each trade, both the buyer and the seller are charged a fee, with the buyer paying more than the seller. Kraken’s fees can range from 0% to 0.26% depending on the account tier and whether you’re buying or selling.

Account types

Upon opening an account, take a look at the verification section, in which you’ll see the five different account types (scaled from 0 to 4). As we touched upon in the fees section, the tier of your account dictates the level of fees you’ll pay. Another difference between verification tiers is how much you’ll be able to deposit and withdraw in fiat and cryptocurrencies. Expect this amount to rise substantially as your account level increases.

You can’t make deposits or withdrawals with a basic Tier 0 account. However, you need only to provide basic information (full name, date of birth, country of residence, and phone number) to reach Tier 2, which allows a daily deposit of $2,000 fiat per day and $10,000 per month. No ID or proof of address is required until Tier 3. Tier 4 requires contact with the support team, as it’s reserved for high value and corporate accounts.

In my case, it took just a few minutes to be verified up to Tier 2. However, it’s worth noting that the process can take longer if a manual review is required. Tier 3 verification typically takes a few days. Some users have reported Tier 3 verification delays when there is a particularly heavy influx of new users.

Customer support

The website features an extensive support guide, which covers everything from verifying your account to trading. In most cases, you’ll find what you’re looking for there. However, in the event that you do need support, you can always submit a support ticket. It’s worth knowing that Kraken customer support can be on the slow side and may take days to respond. There is no live chat option.

Public opinion and online reviews

Much like with any cryptocurrency investment, it’s a good idea to do some research before choosing a particular Bitcoin exchange. The general consensus online is that Kraken’s main strengths lie in its low fees, advanced features, and strong security. While Kraken certainly has its advantages, it has drawn a huge amount of criticism in recent months due to its inability to cope with increased traffic. An update in mid-December 2017 seems to have largely addressed these problems. Other criticisms of Kraken include its user interface, which isn’t the most beginner friendly.

Kraken is a very secure site thanks to its two-factor authentication feature. This is available not only on account login but also in the trading and funding processes, providing an extra layer of security. There’s also the possibility to set up a master key for password recovery and a two-factor authentication bypass. Enhanced security features include a global settings lock that helps prevent account information (account settings, passwords, 2FA, etc.) from being tampered with in the event of an attack.

Conclusion

Overall, it’s fair to say that Kraken is an option well worth considering thanks to its excellent security features and low transaction fees. However, it’s not the best option for beginners due to its more complex interface. What’s more, caution is advised as Kraken has become very unreliable at the time of writing, with errors making the site almost unusable. With any luck, this will be fixed with the planned update.

Sail the high seas of success.

Buy, Sell, & Trade Bitcoin

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The Best Bitcoin Exchange

The best bitcoin exchange is needed for serious and professional bitcoin traders. Bitcoin security must be impeccable. Banking relationships must be sound and reliable. The trading engine must be fast. Order types must be advanced. And profits must be able to be multiplied with Bitcoin margin trading so you can leverage long bitcoin positions or short bitcoin positions.

Fast funding and low fees
Bitcoin dark pool

Reliability

24/7/365 support
Legally compliant

Ranked #1 security
Encrypted cold storage

Bitcoin Margin Trading

Leveraged trading up to 5x
Shorting allowed

Advanced Order Types

Stop-loss orders
Automate your strategy

Proof of Reserves Audits

Cryptographically verified
Pioneered the industry standard

[The MtGox trustee picked them] because of Kraken's proven operating history, and because its system has never been breached by hackers.

Kraken is an exemplary institution that the rest of the Bitcoin world should look up to. One of the first exchanges to pass an independent audit.

Integration with Kraken was a seamless process. It's clear their team is comprised of experienced traders and technologists.

US Search Mobile Web

Welcome to the Yahoo Search forum! We’d love to hear your ideas on how to improve Yahoo Search.

The Yahoo product feedback forum now requires a valid Yahoo ID and password to participate.

You are now required to sign-in using your Yahoo email account in order to provide us with feedback and to submit votes and comments to existing ideas. If you do not have a Yahoo ID or the password to your Yahoo ID, please sign-up for a new account.

If you have a valid Yahoo ID and password, follow these steps if you would like to remove your posts, comments, votes, and/or profile from the Yahoo product feedback forum.

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Improve your services

Your search engine does not find any satisfactory results for searches. It is too weak. Also, the server of bing is often off

I created a yahoo/email account long ago but I lost access to it; can y'all delete all my yahoo/yahoo account except for my newest YaAccount

I want all my lost access yahoo account 'delete'; Requesting supporter for these old account deletion; 'except' my Newest yahoo account this Account don't delete! Because I don't want it interfering my online 'gamble' /games/business/data/ Activity , because the computer/security program might 'scure' my Information and detect theres other account; then secure online activities/ business securing from my suspicion because of my other account existing will make the security program be 'Suspicious' until I'm 'secure'; and if I'm gambling online 'Depositing' then I need those account 'delete' because the insecurity 'Suspicioun' will program the casino game 'Programs' securities' to be 'secure' then it'll be 'unfair' gaming and I'll lose because of the insecurity can be a 'Excuse'. Hope y'all understand my explanation!

chithidio@Yahoo.com

i dont know what happened but i can not search anything.

Golf handicap tracker, why can't I get to it?

Why do I get redirected on pc and mobile device?

Rahyaftco@yahoo.com

RYAN RAHSAD BELL literally means

Question on a link

In the search for Anaïs Nin, one of the first few links shows a picture of a man. Why? Since Nin is a woman, I can’t figure out why. Can you show some reason for this? Who is he? If you click on the picture a group of pictures of Nin and no mention of that man. Is it an error?

Repair the Yahoo Search App.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

I contacted Samsung thru their Samsung Tutor app on my phone. I gave their Technican access to my phone to see if there was a problem with my phone that stopped the Yahoo Search App from working. He went to Yahoo and I signed in so he could try to fix the Yahoo Search App not working. He also used another phone, installed the app from the Google Play Store to see if the app would do any kind of search thru the app. The Yahoo Search App just wasn't working.

I also had At&t try to help me because I have UVERSE for my internet service. My internet was working perfectly. Their Technical Support team member checked the Yahoo Search App and it wouldn't work for him either.

We can go to www.yahoo.com and search for any topic or website. It's just the Yahoo Search App that won't allow anyone to do web searches at all.

I let Google know that the Yahoo Search App installed from their Google Play Store had completely stopped working on May 18, 2018.

I told them that Yahoo has made sure that their Yahoo members can't contact them about anything.

I noticed that right after I accepted the agreement that said Oath had joined with Verizon I started having the problem with the Yahoo Search App.
No matter what I search for or website thru the Yahoo Search App it says the following after I searched for
www.att.com.

WEBPAGE NOT AVAILABLE
This webpage at gttp://r.search.yahoo.com/_ylt=A0geJGq8BbkrgALEMMITE5jylu=X3oDMTEzcTjdWsyBGNvbG8DYmyxBHBvcwMxBHZ0aWQDTkFQUEMwxzEEc2VjA3NylRo=10/Ru=https%3a%2f%2fwww.att.att.com%2f/Rk=2/Es=plkGNRAB61_XKqFjTEN7J8cXA-
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

I tried to search for things like www.homedepot.com. The same thing happened. It would say WEBPAGE NOT AVAILABLE. The only thing that changed were all the upper and lower case letters, numbers and symbols.
Then it would again say
could not be loaded because:
net::ERR_CLEARTEXT_NOT_PERMITTED

This is the same thing that happened when Samsung and At&t tried to do any kind of searches thru the Yahoo Search App.

Yahoo needs to fix the problem with their app.

Yahoo Search App from the Google Play Store on my Samsung Galaxy S8+ phone stopped working on May 18, 2018.

I went to the Yahoo Troubleshooting page but the article that said to do a certain 8 steps to fix the problem with Yahoo Services not working and how to fix the problem. Of course they didn't work.

TheBlogChain

Bitcoin Trading, News and Service Reviews

Kraken Review: A

Update: Kraken has just acquired both Coinsetter, an NYC-based exchange, and CaVirtex, a Canadian exchange. This is one of the largest acquisitions in Bitcoin history, and a pretty major change. I’ll keep a lookout as the merger develops.

Kraken is a San Francisco-based Bitcoin and cryptocurrency exchange owned by Payward, Inc. Kraken is a general Bitcoin exchange and trading platform, meaning that they are focused on building their system for active traders rather than just people who want to acquire Bitcoin. They work with altcoins, but it is not their focus. As of 4/23/14, they exchange the following cryptocurrencies, payment units, and national currencies:

The Kraken Review Overview

They use “XBT” instead of “BTC” for their currency code.
Largest pair by volume: XBT/EUR. It does as much as 3K on an active trading day, and idles between 500 and 750 on off-days.
Total volume between all pairs is well past

1kBTC per day on most days.

No leverage currently, but it is a planned feature.

Quick customer service response times.

Great, responsive, snazzy website. The developers had a good sense of humor, also; a lot of the site plays into the Kraken theme.

US-based, San Francisco, CA.

They passed a public, cryptographically verified audit. You can check the details of the audit out here.

Kraken Review: Fees

Kraken Fee Schedule as of March 1st, 2016

Kraken Review: Security

Awesome, fast verification process that is very clearly outlined.
Heavily focused on appropriate KYC/AML while also remaining customer-focused and promoting simplicity and ease of access.
Graphic image at login page based on your IP as a phishing check.
2FA is strongly recommended to customers, but they also do MUCH more.
Username / Public ID. Your account is given a public, shareable key so that you can keep your login name secure while still interacting with other accounts. For example, mine is AA66 N84G F63I UJZY
The only exchange I’ve seen that offers the ultimate security feature: PGP encrypted e-mails. I hope every exchange begins offering this feature in the future. It’s an excellent way of ensuring that your e-mail is very, very hard to compromise, and, as such, so is your Kraken account. PGP is a little technical for most users, but it shows that the people who built Kraken know what they’re doing when it comes to security.
Customizable auto-logout feature
“Global Settings Lock”: This feature allows your to ‘lock’ your account, preventing any settings or personal details from being changed, and hiding sensitive info. When you enable it, you set an amount of time it takes for it to disable successfully. The default is three days. Simply another brilliant security measure made accessible to the average user.

Kraken Review: Q&A

I sent in a brief e-mail to ask Kraken some questions. It took them a while to get back to me, which was unusual for their platform–I’m used to pretty much lightning-fast assistance. Maybe the questions required some asking around? Here are the brief Q&A in their entirety (even my pitch :-P):

TheBlogChain: “Can you estimate or speculate on (no guarantee required) at what point you will be adding leverage, and at what degree? Will you expand the available degree of leverage over time as volume increases? I probably missed this reading through your documentation, but do you offer un-leveraged short selling?”

Pam (Kraken Support / Business Development): “You are right, we are working on raising our volume and I am sure that will come in time. We don’t have an ETA on when we will be offering leverage. It is on our list, but volume needs to be higher. Some days it is high, but it has not been consistent enough on a daily basis to offer leverage. We don’t offer un-leveraged short selling yet, but again that will come with higher volume when we offer margin trading.”

TheBlogChain: “What is your total approximate volume in BTC between all currency pairs in an average day? I have estimates, but I expect they’re pretty low.”

Pam (Kraken Support / Business Development): “We are not able to give you an average on volume of all pairs on a daily basis and don’t have data on this. I think you have to go by your estimates and what you have been seeing. Again, we are optimistic as our volume is increasing with time. If you want to see BTC/EUR, here is a link.”

Note: I constructed the volume estimates at the top using some guesswork, but mostly sifting by through data to find consistent volume trends with which to make estimations.

TheBlogChain: “Do you offer an affiliate or referral program? Using Google Analytics, I’ve determined that my readers are much more likely to start using a service if they’re offered a promotional bonus for doing so. If the program is beneficial for me it also gives me a good incentive to make sure to stay up to date with your exchange and news regarding it. If you don’t currently offer one, I’d love if you started–as I said above, I’m a big fan of your exchange, and I’d love to promote it to the best of my ability. Offering or not offering a referral program won’t change my review of your site in any way, of course.”

Pam (Kraken Support / Business Development): “Sorry, at the moment, we are not offering affiliate programs.”

Kraken Overall: A

Legitimacy: 10/10
Ease of Use: 8/10
Trading Utility: 7/10
Customer Service: 9/10
Security: 11/10

Bitcoin Exchange Kraken Goes Down for 40 Hours, Drawing Mt. Gox Comparisons

What was meant to be two to three hours of late-night down time for cryptocurrency exchange Kraken has stretched into a day and a half—fanning worries during an already high-strung day for Bitcoin and Ripple owners.

As one of the world’s biggest markets for cryptocurrency has remained a weight on Bitcoin prices, one of the world’s largest exchanges for the asset, Kraken, is drawing ire for an unexpectedly lengthy system maintenance that’s stopped some investors from making gains or stymying losses resulting from the recent price move.

This is costing a lot of money to i think all of us

— Zakaria Maghfour (@zmaghfour) January 11, 2018

Notably, some Kraken account holders missed the Ripple rally that came after a partnership between MoneyGram and Ripple was announced Thursday.

@Ripple announces @MoneyGram partnership. All my ripple is on #kraken 'cuz was the 1st exchange I used and the 1st alt I bought… Kraken is down due to server maintenance today… It's either a sign to HODL or sign to close my account on that shitty exchange once and for all

— Manny Pulate (@Manny_Pulate) January 11, 2018

Kraken initiated the upgrade at 12 a.m. Thursday after scheduling the maintenance about seven hours earlier. As first, the company said its website would be down for two hours, “possibly longer”—though that estimate grew longer with time. As of print, that time has grown close to 40 hours.

“We are still working to track down an elusive bug which is holding up launch,” Kraken, which had a daily volume of $762 million just before it went down, wrote in its most recent update, though it emphasized: “All funds remain secure.”

That comes during an already rocky week for those in the crypto space. A justice minister in one of the biggest crypto market makers, South Korea, reiterated a proposal to ban cryptocurrency exchanges. Bitcoin prices rose roughly 4% to $13,792 in trading Friday, still below its 2018 high of $17,000. Ripple is also up 1.7% at $2, down from its high this year of nearly $4. Ethereum meanwhile posted a substantial gain of 10%, below its high of 9%.

In more extreme cases, Kraken’s lengthy down time has drawn comparisons to Mt. Gox—a now defunct Bitcoin exchange from which hackers stole 850,000 bitcoin in 2014, an amount now worth about $11.5 billion. It comes even though Kraken has said that funds are safe.

Top 10 crypto exchange, Kraken, has now been down for 24 hours. Hodlers getting very nervous! There must be billions on the exchange, is this Mt. Gox 2.0?

Mt. Gox too pressed pause for an extended period of time Feb. 7, 2014. But at the time, the company did not disclose that it had been hacked. Instead, Mt. Gox explained on Feb. 10 that it had gone down due to a flaw in the Bitcoin protocol. It wasn’t until Feb. 24 that customers got a better idea of just how badly things had gone wrong for Mt. Gox, with the company deleting all its Twitter pages. The company eventually revealed the extent of the hack.

It took three days of downtime for MtGox to admit that bitcoins were missing. @krakenfx is on day 2. I'm hoping the same thing isn't happening at Kraken, but not confident.

I am an attorney and have been appointed as class counsel in several high profile class actions. If exchange is not up prior to bitcoin's final fall I will be suing. Kraken is trying to keep people from closing their short positions on the fall.

If the Kraken Exchange isn't working perfectly when I wake up tomorrow morning, I am calling the FBI to request that they get involved in this situation. Your recent status update is unprofessional and shocking. PS – I am 25+ year lawyer. #kraken @krakensupport @krakenfx

— Clay Crawford (@Crawfordtx) January 12, 2018

Kraken said it would offer a “substantial amount of free trading” following the resolution.

Real time prices
"vires in numeris."

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Kraken CEO: We Won’t Give Info To ‘Audacious’ New York Regulators

The CEO and co-founder of cryptocurrency exchange Kraken defended the company’s refusal to comply with a regulatory “questionnaire” sent by New York lawmakers.

Kraken Rails Against Attorney General’s ‘Disrespect’

In comments, which contrasted with the other 12 exchanges targeted by New York Attorney General Eric T. Schneiderman’s “Virtual Markets Integrity Initiative,” Jesse Powell said Kraken would not hand over any information about its business.

Jesse Powell, chief executive officer of Kraken

When it launched the Initiative April 17, Schneiderman’s office explained it was “requesting disclosures on their operations, use of bots, conflicts of interest, outages, and other key issues” with the aim of “protecting consumers.”

Among the demands was a two-week deadline for handing over the information, something which Powell specifically took issue with.

“When I saw this 34-point demand, with a deadline 2 weeks out, I immediately thought ‘The audacity of these guys — the entitlement, the disrespect for our business, our time!'” he responded.

Somebody has to say what everybody's actually thinking about the NYAG's inquiry. The placative kowtowing toward this kind of abuse sends the message that it's ok. It's not ok. It's insulting. https://t.co/sta9VuXPK1 pic.twitter.com/4Jg66bia1I

BitLicense’s Three Years Of Strife

The move comes as New York’s infamous BitLicense scheme faces fresh criticism from businesses in the state.

Since its launch in 2015, multiple cryptocurrency businesses including Kraken have left in order to avoid what the exchange at the time called “a creature so foul, so cruel that not even Kraken possesses the courage or strength to face its nasty, big, pointy teeth.”

The scheme has faced near-constant dissent from affected entities from the planning stages onwards, with lengthy delays in issuing BitLicenses only adding to the disaster.

Now, as Powell looks back on the “wise decision” to “get the hell out,” the local business community has complained so bitterly that lawmakers have had to promise either a reworking or abandonment of the legislation altogether.

For Kraken, however, it appears such efforts are a case of ‘too little too late.’

“Kraken left New York because New York is hostile to crypto, and this ‘questionnaire’ we received today proves that New York is not only hostile to crypto, it is hostile to business,” Powell added.

What do you think about Kraken’s handling of the Virtual Markets Integrity Initiative? Let us know in the comments section below!

четверг, 14 июня 2018 г.

bitcoin_kraken