Interview: Caitlin Long and David Kinitsky on crypto's big win with Kraken Financial bank charter
Cointelegraph
Published Sep 17, 2020 04:35PM ET
Updated Sep 17, 2020 06:40PM ET
San Francisco-based crypto exchange Kraken has become the first cryptocurrency business to receive a charter to operate as a bank in the United States. When seen as part of a larger-scale shift in regulatory attitudes that may help to bring crypto into the mainstream, the repercussions could be even more significant.
Kraken Financial, the firm's new bank, is headquartered in Cheyenne and got the green light from Wyoming on Sept. 16 as a special-purpose depository institution (SPDI) — a bank that can both receive deposits and custody assets.
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Written By: Cointelegraph
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