Cryptocurrency Exchange Kraken Mulls Plans for SEC’s ATS Licence

[kreslik.news]

San Francisco-based cryptocurrency exchange Kraken is mulling ‎registration with U.S. regulators as a licensed broker-dealer firm or ‎an alternative trading system (ATS), Bloomberg reports.‎

The move comes just as the U.S. Securities and Exchange ‎Commission is seeking legitimate platforms serving as trading venues ‎for digital assets. The Wall Street’s top watchdog made it clear that ‎any entity wants to become an ATS needs to register with the SEC as a broker-‎dealer and become a member of a self-regulating organization, such as the ‎FINRA.‎

If successful, the Kraken ATS will provide a secondary market ‎liquidity for ICO tokens that are offered and sold ... (read more)