Kraken Financial announced that they have become the first Special Purpose Deposit Institution (SPDI) under Wyoming's H.B. 74.
Laura Shin had Kraken Financial CEO David Kinitsky on her Unconfirmed Podcast/YouTube channel to explain what an SPDI is and why Kraken was interested in becoming one.
This story originally appeared on BlockchainBeach.com. You can read it at https://www.blockchainbeach.com/kraken-financial-becomes-wyomings-first-crypto-bank/