In the grand tapestry of San Francisco’s halls, Kraken, once banished from the Indian shores, plots its return. Enter Vishesh Khurana, a man of many hats, who remotely juggles the roles of a co-founder for Shiprocket and a managing partner for Tribe Capital India. With such a multitasking marvel at the helm, can the exchange’s reentry be far behind? π©π
Like a sinner seeking absolution, Kraken will grovel before the Indian regulators, promising fealty to the almighty Prevention of Money Laundering Act (PMLA) and the sacred Know Your Customer (KYC) rituals. And let us not forget the Financial Intelligence Unit (FIU), to whom they shall be linked, like a chain to a boat. ππ»π
Oh, the ignominy of 2024! Kraken was cast out for its sins of non-compliance. But like a phoenix, or perhaps a mythical sea beast, it plans to rise from the ashes, or rather, the depths, buoyed by the transparency of regulation and the robust health of the market. Meanwhile, Binance and KuCoin frolic in the regulatory sunlight, free as birds. ππ¦
In the midst of a global cryptocurrency market’s rebirth, Kraken sees India as its Promised Land. With Bitcoin‘s star shining ever brighter, the exchange sets its sights on market expansion, its coffers bursting with $1.5 billion in revenue and trading volumes that would make Croesus weep with envy. π°π
Global regulatory acceptance and the growing embrace of the crypto industry in India are the winds that fill Kraken’s sails. It aims to dominate the digital asset market, facing down competitors with the might of one of the world’s largest crypto exchange platforms. Behold, the Kraken awakens! ππ°
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2025-02-20 14:13