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Kraken Financial Becomes Wyoming's First Crypto Bank

https://www.blockchainbeach.com/wp-content/uploads/2020/09/Kraken-financial-Blog-post-2.png
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.

https://www.youtube.com/watch?v=MzN0w3WzgT0

This story originally appeared on BlockchainBeach.com. You can read it at https://www.blockchainbeach.com/kraken-financial-becomes-wyomings-first-crypto-bank/

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