Kraken has announced the availability of encrypted iCloud backups for wallet service Kraken Wallet for users' Secret Recovery Phrases (SRPs), a feature that provides a simple and secure way to store users' SRPs and restore wallets, helping to ensure access to crypto assets.
Japan's Financial Services Agency issued an opinion saying that "non-custodial wallet services" using authentication technology do not belong to the category of crypto asset trading business (management business), a decision that helps to ease some legal uncertainties in the crypto asset (virtual currency) industry. The decision was made through a "grey area elimination regime" based on the Industrial Competitiveness Enhancement Act, which aims to promote innovation by clarifying in advance the ...