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Kraken Financial Becomes Wyoming’s First Crypto Bank

Financial Regulation

Kraken Financial Becomes Wyoming’s First Crypto Bank

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.

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