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Blockchain Bites: Uniswap’s Token, Kraken’s Bank, Bitcoin’s Newbies

by CBDC Insider Staff
September 18, 2020
in Uncategorized
Reading Time: 1min read
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Blockchain Bites: Uniswap’s Token, Kraken’s Bank, Bitcoin’s Newbies
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Kraken Financial, a newly formed division of the popular crypto exchange, has become the first firm to receive a special type of charter making it a bank. On Wednesday, the Wyoming Banking Board approved the exchange’s application for a special purpose depository institution (SPDI) charter – making it a licensed bank in the state, replete with access to federal payments infrastructure and opening the doors to issuing digital-asset debit cards and savings accounts as well as securities and commodities services. Kraken Financial beat out Wyoming blockchain pioneer Caitlin Long’s application for Avanti Financial, and is the first bank established in Wyoming since 2006.

Continue read: https://www.nasdaq.com/articles/blockchain-bites%3A-uniswaps-token-krakens-bank-bitcoins-newbies-2020-09-17

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