Kraken launches Virtual Asset Service Provider (VASP) services in Belgium

Kraken has launched VASP services in Belgium, utilising its EU subsidiary, which has registered under the VASP regimes in Ireland, Spain and Italy.

This launch reinforces Kraken’s ongoing commitment to upholding Europe’s robust anti-money laundering and compliance standards. And further underscores Kraken’s dedication to advancing crypto adoption across Europe, now and into the future.

“We’re pleased to announce another key landmark in our European expansion journey. This launch enables us to continue fulfilling our mission and educate more Belgians about the transformative impact of cryptoasset technology,” said Brian Gahan, Managing Director, Europe. “We believe in offering a compliant trading experience powered by our industry-leading client service, robust security protocols and market-leading position in liquidity and volume for EUR crypto pairs.”

Tracking crypto adoption in Belgium:

Over 40% of people under the age of 35 already own cryptoassets

There are around 70 crypto and blockchain startups based in Belgium

One member of the Belgium Parliament, Christophe De Beukelaer, agreed to receive his salary in bitcoin (BTC) in 2022

With the Belgian launch and growing European footprint, Kraken is deepening its commitment to Belgian clients and improving their ability to access an extensive array of cryptoassets. 

In September 2023, Kraken announced that it was authorised by the Central Bank of Ireland as an e-money institution (EMI). This enables Kraken to expand its EUR fiat services to clients, in partnership with European banks, across the 27 EU member states and European Economic Area countries.

These materials are for general information purposes only and are not investment advice or a recommendation or solicitation to buy, sell, stake or hold any cryptoasset or to engage in any specific trading strategy. Kraken will not undertake efforts to increase the value of any cryptoasset that you buy. Crypto products and markets are unregulated, and you may not be protected by government compensation and/or regulatory protection schemes. The unpredictable nature of the cryptoasset markets can lead to loss of funds. Tax may be payable on any return and/or on any increase in the value of your cryptoassets and you should seek independent advice on your taxation position. Geographic restrictions may apply.

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