Since June 23, 2025, it is no longer possible to simply create a Kraken account as a business account as before.
As of the date mentioned above, they have implemented the exact same rules as the strictest EMI regulations, and as a result, I am already seeing a wave of accounts being blocked and frozen.
Ours has already been frozen, and we are looking into whether it can be reopened through other means.
But forget Kraken and simplicity, going forward, it’s mission impossible unless you have a completely clean setup with a spotless track record.