Odaily News Kraken announced that it has officially obtained the Electronic Money Institution (EMI) authorization issued by the UK Financial Conduct Authority (FCA), which will accelerate Krakens growth plans in the UK and promote the launch of new products and services for local customers. The EMI license will give Kraken the power to issue electronic money, thereby speeding up deposits and withdrawals and enabling Kraken to establish partnerships with traditional financial institutions. This authorization consolidates Krakens commitment to compliant operations within the cryptocurrency ecosystem.