In a move that may pave the way toward mainstream acceptance for digital assets, an exchange received the first Wyoming banking license granted to a cryptocurrency firm.
What’s going on: The Wyoming Banking Board will issue Kraken, a San Francisco-based crypto exchange, a special purpose depository institution charter.
- Headquartered in Cheyenne, Wyoming, Kraken Financial will enable Kraken clients in the U.S. to bank between digital assets and national currencies.
- Kraken clients will be able to hold digital assets and pay bills and get paid in cryptocurrencies within a regulated, US institution.
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