The post Zakinov vs. Ripple Case Heats Up As Kraken Opens a Monetary Card for Users appeared first on Coinpedia Fintech News
Kraken, a U.S.-based cryptocurrency exchange, has taken a stand for user privacy amidst legal proceedings demanding disclosure of private XRP transaction data, including customer identities. Giving priority to user confidentiality over regulatory compliance, Kraken filed a motion to protect its clients’ sensitive information, emphasizing the exchange’s dedication to maintaining user trust.
Following the news, Kraken has started notifying customers who could benefit from the Zakinov v. Ripple lawsuit.
Zakinov v. Ripple: What’s the Issue?
At the core of this legal battle is classifying XRP as either a security or a currency. However, the plaintiff, Zakinov, alleges that Ripple marketed XRP as an unregistered security. Conversely, Ripple contested that XRP should be considered similar to cryptocurrencies like Bitcoin and Ethereum. Despite Ripple’s efforts
We współpracy z: https://coinpedia.org/news/zakinov-vs-ripple-case-heats-up-as-kraken-opens-a-monetary-card-for-users/
