Cardano Contingent Staking, Kraken Settles with SEC
Episode by Peter Bui on February 15th, 2023
Lately, the potential of Cardano’s contingent staking and KYC integration has aroused considerable buzz in the blockchain sphere.
Stake pool operators can consequently restrict delegation to their stake pools in order to follow regulatory compliance. However, this regulation is yet undefined and not focused on a particular blockchain at the moment. The SEC appears to be mainly investigating exchanges that provide staking services where users surrender their assets for higher returns as yields.
Kraken Settles with SEC
Recently, Kraken Exchange established a settlement with the SEC over charges of operating an unregistered securities offering. According to the settlement agreement, Kraken “failed to register its offer and it offered unregistered securities”, and as a result, the exchange was ordered to pay over $30 million in penalties.
*This content is for informational purposes only and should not be taken as financial advice.*