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.
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.
The blockchain center at the University of Wyoming will feature a Plutus development facility, providing blockchain developers with an applied laboratory for writing code in cardano's smart-contract language.
A new crypto bank tries to address some of the most fundamental issues for institutions who want to get into the space.
An SPDI charter offered in Wyoming lets U.S. firms offer banking and custody services under a regulator that’s not the FDIC, but the application and capital requirements are as rigorous as launching a de novo state-chartered bank.
The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.