Kraken to UK Regulators: Move Faster on Crypto Rules or Risk Falling Behind

Kraken‘s UK chief has called for faster regulatory action on stablecoins and tokenization.

Speaking in London, Managing Director Bivu Das said the UK is a key market but risks falling behind other regions.

He cited the successful rollout of Kraken’s “xStocks” in the EU—a product still unavailable in the UK—as proof that slow rules are hindering innovation and costing the market access to new products and capital.