Wyoming's first cryptocurrency bank approved by state board

21 Sep 2020

CHEYENNE – In a crucial step in the state’s efforts to become the national leader in blockchain technology, a cryptocurrency company had its bank charter approved Wednesday by the Wyoming Banking Board.

Through the board’s vote, Kraken Financial became the first company in Wyoming or elsewhere to receive a charter to operate a special purpose depository institution, which aims to provide a more structured regulatory environment for cryptocurrency activity.

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