• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Changelly
  • Price table

Crypto News PRO

From the world all news

  • Home
  • News

Crypto exchange Kraken gets Wyoming bank charter approval » CryptoNinjas

Written by:
Aeon Flux
Published on:
16 September 2020
Thoughts:
No comments yet

Kraken, the popular crypto exchange, today announced that the State of Wyoming has approved its application to form the world’s first Special Purpose Depository Institution (SPDI).

Tentatively called Kraken Financial, the institution will enable clients in the U.S. to bank seamlessly between digital assets and national currencies.

Headquartered in Cheyenne, Wyoming, Kraken Financial is the first digital asset company in U.S. history to receive a bank charter recognized under federal and state law, and will be the first regulated, U.S. bank to provide comprehensive deposit-taking, custody, and fiduciary services for digital assets.

From paying bills and receiving salaries in cryptocurrency to incorporating digital assets into portfolios, Kraken’s new institution will be regulated in largely the same manner as other U.S. banks.

“We’re thrilled to work in a state so aligned with our philosophy and values. Wyoming is a rare and shining example of how thoughtful regulation can drive innovation for FinTech companies.”
– David Kinitsky, CEO of Kraken Financial

For more information on the initiative, Kraken assembled a full FAQ to share its goals for the future of Kraken Financial.

Categories: News

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Search in the news

Translate:

Earn up to 5% every 10 days with Aeon Flux Coins

Categories

  • Bitcoin (2,416)
  • Ethereum (1,628)
  • News (5,071)

Recent Posts

  • A rant about Cryptocurrency 1 June 2022
  • Web3 Is Still So Early — but is it? 1 June 2022
  • 5 Reasons Why a Global Recession Is Inevitable for the President of the World Bank 1 June 2022
  • How to Become Super Rich in 2023 and Beyond: The Ultimate Guide 31 May 2022
  • What is Segregated Witness (SegWit) and How Does it Work? 31 May 2022

Archives

  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • February 2021
  • January 2021
  • December 2020
  • November 2020
  • October 2020
  • September 2020
  • August 2020

© 2015-2020 Crypto News PRO
All Rights Reserved. Powered by IWG Agenzia Web