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You Won’t Believe What Happens When Two Unregulated Crypto Bro BFFs Get Together – Kraken Buys Out Dutch Broker BCM in Desperate Attempt to Look Legit!

Crypto NewsFeaturedInstitutional Investors Kevin Nelson September 24, 2024

A illustration featuring a chaotic scene of two unregulated crypto bros getting together amidst swirling dollar signs and cryptic symbols. One bro holds a 'BCM' sign, the other has a 'Kraken' logo on his shirt as they're surrounded by European flags and regulatory documents flying around them.

The never-ending saga of one scammer acquiring another’s assets continues! It seems like just yesterday I was making fun of Coinbase for setting up shop in Ireland ahead of the EU’s MiCA regulatory framework, and now Kraken is swooping in to do the same. Because what could possibly go wrong with a bunch of unregulated crypto bros running amok across Europe? The only thing more impressive than Kraken’s European expansion is its ability to create an endless supply of buzzwords like ‘strategic acquisition’, ‘regulatory framework’, and ‘holistic regulatory environment’. It sounds suspiciously like the language used by Jemima Kelly when she writes about cryptocurrency (which, coincidentally, I highly recommend). Anyways, it seems like Kraken is trying its best to capitalize on the EU’s new regulations while simultaneously making a mockery of them. Because what better way to regulate an industry than to let one scammer acquire another? It’s not like this will lead to any sort of consolidation or monopolization… oh wait.

Source: cointelegraph

Kraken acquires Dutch broker BCM as part of European expansion
https://cointelegraph.com/news/kraken-acquires-dutch-broker-bcm-european-expansion
Kraken has made another strategic acquisition to support its expansion across Europe. The crypto exchange has announced the closing of the Coin Meester (BCM) acquisition, one of the Netherlands’ oldest registered crypto broker firms. Through the acquisition, Kraken is now expanding its Dutch footprint and business with a registered virtual asset service provider (VASP) license in France and Poland. The acquisition marks a key milestone in Kraken’s European expansion efforts, […]

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About the author

Kevin Nelson

Kevin’s foray into cryptocurrency trading was a full-scale disaster. His obsession with chasing trends and leveraging obscure assets led to a catastrophic loss of his entire life savings. Now, Kevin’s articles are a venomous mix of bitter humor and harsh reality checks, exposing the chaotic and treacherous world of crypto trading. His catchphrase: “I went from trading genius to broke fool in record time. Welcome to crypto—where the only thing guaranteed is your financial ruin.”

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Disclaimer

The content presented on this site is intended solely for entertainment purposes and should not be taken as factual or reliable information. This site employs satire and humor to discuss global news, current events, finance, and cryptocurrency. The views expressed here are not meant to be taken seriously and do not represent the opinions of any individuals, organizations, or entities discussed.

Please be aware that the content may be exaggerated, fictionalized, or otherwise altered to create a comedic effect. It is not intended to provide financial advice, make accurate predictions, or offer any serious commentary on current events or financial markets.

Readers are encouraged to verify any claims or statements with credible sources and should not make any decisions based on the information provided here. This blog is not responsible for any actions taken based on its content. Always consult a qualified professional before making any financial or investment decisions.

Please do not hesitate to contact us if you have any questions or concerns.

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