Crypto exchange Kraken has agreed to shut down its cryptocurrency staking service in the United States and pay $US30 million ($43 million) in penalties to settle charges that it failed to register the program, in a move that could cause headaches for platforms with similar offerings.
The settlement marks the the US Securities and Exchange Commission's (SEC) first crackdown on staking, a common service offered at both centralised and decentralised crypto exchanges, including most of the major exchanges such as Coinbase and Binance.
