Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news

Breaking-Finance.Com - Cryptocurrency exchange Kraken has secured a bank license, getting approval from the State of Wyoming to create a special purpose depository institution (SPDI).

Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news

Breaking-Finance.Com - Cryptocurrency exchange Kraken has secured a bank license, getting approval from the State of Wyoming to create a special purpose depository institution (SPDI).

Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news
17 September 2020 - 12:30

Breaking-Finance.Com - Cryptocurrency exchange Kraken has secured a bank license, getting approval from the State of Wyoming to create a special purpose depository institution (SPDI). Headquartered in Cheyenne, Wyoming, the new Kraken Financial unit will be the first digital asset company in US history to receive a bank charter recognised under federal and state law.Kraken says it applied for the SPDI bank charter because it will help the firm build a bridge between the current financial system and the crypto economy.

.Initially, Kraken Financial plans to give customers the ability to deposit USD and custody digital assets at a regulated state-chartered bank. These services will be integrated into Kraken's existing exchange services.Customers will also get digital asset custody, demand/deposit accounts, and wire transfer and funding services.

Source = Breaking-Finance.Com

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Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news


Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news


Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news


Finance Breaking news Crypto exchange Kraken gets Wyoming bank license last financial news

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