Login password trading center Kraken has submitted a pre-registration service pledge to the Canadian Victorian Securities Federation, looking to limit the influence of foreign exchange traders. Kraken, headquartered in the United States, has long been full of vitality in Canada and will follow a new basic policy in action.

Kraken is a Canadian-registered money service center that has been operating there for more than 10 years. The Securities Administrator of Canada (CSA) implemented a new manual on the data encryption asset trading platform on February 22nd, requiring Kraken to submit a pre-registration performance pledge that it would comply with a new investor safeguard.

New requirements for access to password trading sites include a new escrow rule that prohibits the use of financial leverage and a ban on buying and selling stable stocks without CSA's prior written consent. Marco Greenberg, chief executive of Kraken Canada, said:

I hope the total and hidden customers know that Kraken is still focused on Canadian projects. "

According to the concept of CSA, restricted foreign exchange dealer registration is "a special trading registration that is not suitable for all other types of enterprises". Regulators have established rules for some companies with this status.

OKX, the cryptocurrency exchange, announced on March 20th that it would stop providing services to Canadian users within three months, mainly because of the company's "new regulations." OKX added that its domestic withdrawal was only temporary and that it was working with regulators.

CSA is the umbrella agency for securities regulators in 13 regions of Canada. There is no federal regulatory agency in Canada. A CSA member registered to open up markets in other provinces and regions brought the so-called "passport visa".

In February, Kraken paid a $30 million penalty and refund in the United States after the Securities and Exchange Commission (Securities And Exchange Commission) accused the company of failing to register its chip-as-a-service program as a securities. Kraken said at the time that it would continue to offer chips to non-US users.

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