The nation’s second bank dedicated to handling digital assets and easing transactions between digital assets and the American dollar has won approval to operate in Wyoming.
Kraken, a company that specializes in the purchase, sale and trade of digital currencies, won unanimous approval from the Wyoming State Banking Board on Wednesday.
Blockchain banking could open new avenues for employment in the Cowboy State, but people should start learning about it as soon as possible, according to self-taught blockchain guru Caitlin Long.
The Wyoming Division of Banking is working to finalize the first two applications for a new type of bank: Special Purpose Depository Institutions (SPDI) or “speedy banks,” which will specialize in transactions involving cryptocurrency.
