CandleFocus Kraken drops Lightning Network in Germany for ‘regulatory issues’
2024-09-13
Author: Content Editor
Kraken, a cryptocurrency exchange, has ended its support for Lightning Network withdrawals in Germany due to regulatory issues. The withdrawal feature had allowed German customers to make faster and cheaper transactions off Bitcoin's blockchain while also benefiting from privacy features. Kraken did not release an official statement about the discontinuation but mentioned it in response to a customer inquiry. The exchange expressed intentions to bring back the service once possible. Kraken is also facing legal issues in its home country, as the SEC is suing the company for operating an unregistered securities exchange. Protos reached out to Kraken for comment but did not receive an immediate response.
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