US Fed Opens Pathway for Crypto Banks to Tap Central Banking System
The central bank will create a three-tiered system for evaluating whether a financial institution should have access.
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Aug 15, 2022 at 6:50 p.m. UTC
Aug 15, 2022
SPDI
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Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks
Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange, received a routing number from the American Bankers Association.
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Mar 26, 2022 at 2:40 p.m. UTC
Mar 26, 2022
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Avanti Bank CEO on Why It’s Important to Become a Federal Reserve Member Bank
Caitlin Long, founder and CEO of Wyoming-based Avanti Bank, a special purpose depository institution (SPDI) that aims to provide crypto custody services for institutional investors, discusses Avanti’s journey to becoming a Federal Reserve member bank. Plus, insights into the U.S. crypto regulatory landscape, private stablecoins, and Avanti’s new digital asset Avit.
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Aug 31, 2021 at 2:49 p.m. UTC
Aug 31, 2021
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US Federal Reserve Proposes Guidelines for ‘Novel’ Banks That Want Access to Fed Payments
The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.
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May 5, 2021 at 6:39 p.m. UTC
May 5, 2021
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Jesse Powell: Bitcoin Banker
In 2011, Jesse Powell stored digital assets for online gamers. Now, his crypto exchange has created a bank for which he helped develop the rules.
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Dec 8, 2020 at 5:56 p.m. UTC
Dec 8, 2020
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Caitlin Long's Wyoming Crypto Bank Announces C-Suite, Including Bitcoin Core Dev
On Tuesday, Avanti Financial Group announced five executive hires, including Bitcoin Core developer Bryan Bishop and Figure Technology’s Zev Shimko.
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Mar 18, 2020 at 5:00 a.m. UTC
Mar 18, 2020
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Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.
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Feb 24, 2020 at 3:00 p.m. UTC
Feb 24, 2020
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Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank
The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.
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Dec 12, 2019 at 7:45 p.m. UTC
Dec 12, 2019
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Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)
State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies.
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Oct 24, 2019 at 10:00 a.m. UTC
Oct 24, 2019