PANews reported on November 12th that, according to The Block, Kraken co-CEO Arjun Sethi criticized the UK FCA's (Financial Council of the United Kingdom) overly strict rules for promoting crypto finance, implemented in October 2023. He stated that mandatory risk warnings and "positive friction" questionnaires reduce trading efficiency and hinder retail user access. The FCA responded that the measures ensure investors fully understand the risks. Sethi stated that due to these restrictions, Kraken UK users cannot access approximately 75% of its US-available products (including yield and DeFi), and confirmed that it is preparing for a New York listing without disclosing a timeline. Kraken UK head Bivu Das previously called for accelerating stablecoins and tokenization frameworks; products such as xStocks have not yet launched in the UK.