Wyoming Bill Would Clear the Way for Crypto Custody at Banks
Wyoming legislators have introduced a bill to classify digital assets as property and provide banks with clarity on crypto custodial services.
Caitlin Long
On Tuesday, Avanti Financial Group announced five executive hires, including Bitcoin Core developer Bryan Bishop and Figure Technology’s Zev Shimko.
A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space.
Crypto bank Avanti has raised an angel round from the University of Wyoming Foundation, Anthony Pompliano’s Morgan Creek Digital and other investors.
There may be a way for cryptocurrency businesses to get around New York's notoriously hard-to-get BitLicense, and it runs through Wyoming.
"Bitcoin is less volatile from a systemic perspective than I think the traditional financial industry is," says the Wyoming Blockchain Coalition co-founder.
Caitlin Long
