US crypto platform, Kraken, has been granted an EU e-money licence by the Central Bank.

The company has also registered with the Bank of Spain as a Virtual Asset Service Provider (VASP).

The moves are part of the company's plans to grow its European business.

Kraken said the Central Bank authorisation would enable it to expand its EUR fiat services to clients across all 27 members of the EU.

While the VASP registration in Spain will allow it to offer cryptocurrency exchange and custodial wallet services to Spanish residents.

Kraken is the latest crpto platform to use Irish regulatory approval as an access point into Europe.

"We see a firm foundation for crypto in Europe, which has forward-looking regulation that enables us to grow with confidence," said Curtis Ting, Kraken’s Vice President of Global Operations.

"We are grateful for the constructive approach to regulating industry growth set by the Central Bank of Ireland and the Bank of Spain."

"In both Ireland and Spain, we are excited to become part of their vibrant local fintech sectors. We also look forward to continuing our investments in Europe more broadly."