<span style="font-weight: 400">Kraken, a well-known crypto exchange, has recently <a href="https://blog.kraken.com/post/7647/kraken-donates-to-coin-center/" target="_blank" rel="nofollow noopener">donated</a> $100k funds to Coin Center. It is revealed that the exchange has made this donation to help Coin Center in promoting its work of educating the regulators about digital assets and more specifically, cryptocurrency. </span>

<span style="font-weight: 400">Kraken has also mentioned that the Coin Center has always been at the forefront of the challenging policies. Pete Rizzo, Editor-at-Large of the exchange has said:</span>

<i><span style="font-weight: 400">“At a time when misinformation about this new technology remains high, we call on all industry leaders to join us in funding this essential work.”</span></i>
<h2><b>Kraken Made Donation After Grayscale’s Donation</b></h2>
<span style="font-weight: 400">Kraken has made this donation after the recent contribution by Grayscale Investments. Back in the previous week, it has been seen that Grayscale had made a donation of $1 million to Coin Center. Along with this, the firm had also mentioned that they will be making an additional donation of $1 million by the end of February 2021. The firm also appreciates the effort made by Coin Center in correcting the issues that were there in proposed rulemaking by the FinCEN. </span>

<span style="font-weight: 400">Back in the previous month, U.S. lawmakers had introduced a STABLE Act, which was meant for blanket regulation on stablecoins. After this, FinCEN has also released a proposal for restricting the money service businesses, which also includes crypto exchanges. </span>
<h2><b>Coin Center Aims to Promote a Better Regulatory Climate</b></h2>
<span style="font-weight: 400">Coin Center has said that their major focus is on promoting the better regulatory climate for cryptocurrencies. This will help to preserve the ultimate freedom to innovate that will be done using the permissionless blockchain technologies. The firm has also filed two comments for the proposed wallet rule by the <a href="https://www.cryptoknowmics.com/news/president-joe-biden-freezes-fincens-proposed-regulations-on-crypto-wallets/">FinCEN</a>. Neeraj Agrawal, Director of Communications at Coin Center, has said that they will be focusing on advancing complete financial privacy and along with this, it will contribute to a better and sensible tax policy.</span>

Kraken Contributes $100K Funds to Help Coin Center

Kraken, a well-known crypto exchange, has recently donated $100k funds to Coin Center for educating the regulators about digital assets.

Vandana has received Master of Arts degree in English from GEU Dehradun. She is currently working as a content writer with Agio Support Solutions and earlier worked as a sub-news editor at Business News and Information Services Private Limited. She is an enthusiastic content writer and aims to bring a compelling yet informative content to the audience. Meanwhile, enhancing her own knowledge in the cryptocurrency and blockchain industry.

Kraken Contributes $100K Funds to Help Coin Center

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