Kraken co-CEO Arjun Sethi has criticized the UK's stringent cryptocurrency regulations, claiming they obstruct capital flows and negatively impact user experience. Sethi highlighted that UK users are restricted from accessing approximately 75% of crypto products, including decentralized finance (DeFi) staking and lending services.
Additionally, Sethi stated that Kraken will not follow in the footsteps of Robinhood by offering tokenized shares of private companies. He specifically criticized Robinhood's tokenized OpenAI shares, describing them as "a terrible idea."
Kraken Co-CEO Criticizes UK Crypto Regulations, Rejects Tokenized Shares
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