Kraken Financial Becomes Wyoming's First Crypto Bank

blockchainbeach(43)

Published in

#banking

Words

0

Reading

0 min

Listen

Play

2020-09-25 02:30

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/