Kraken’s Jesse Powell: Banks are the Biggest Hurdle for Bitcoin Businesses
The bitcoin exchange's CEO tells CoinDesk about the challenges posed by banking and regulation in the US.
Crypto exchange Kraken is seeking investment from select clients with a minimum $100,000 buy-in.
Jesse Powell and Erik Voorhees delivered red-meat rhetoric but also made subtler points about New York's cryptocurrency regulations at Consensus 2018.
"Stop f**king up your bulls**t DeFi scams and expecting exchanges to bail you out," Powell said.
Kraken has been selected to oversee the distribution of Mt Gox's remaining assets and investigate its missing bitcoins.
Ripple CEO Chris Larsen has committed to donate large portion of the digital currency he owns to the underbanked.