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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)