The Securities and Exchange Commission (SEC) has charged Kraken with failing to register their crypto asset staking-as-a-service program. The Securities and Exchange Commission (SEC) has charged Payward Ventures, Inc. and Payward Trading Ltd., commonly known as Kraken, for failing to register the offer and sale of their crypto asset staking-as-a-service program. The program allowed investors to transfer crypto assets to Kraken for staking in exchange for advertised annual investment returns. According to the SEC’s complaint, Kraken has been offering and selling its staking services since 2019, pooling certain crypto assets transferred by investors and staking them on behalf of the
Go to Source
Author: coinmaker