RE: Kraken is the first crypto company to receive a bank charter

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Kraken is the first crypto company to receive a bank charter

in hive-175254 •  4 years ago 

Hi @crypto.piotr, thank you for checking my article! While these are very interesting news, I wanted to highlight the specific nature of the charter issued to Kraken, as I'm afraid many would just give a cursory reading to the headlines and conclude "Kraken is now a bank in the United States" - which obviously is not. Nonetheless, the step forward is big as you correctly noticed, and I also wanted to underline the role of Wyoming's crypto-friendly legislation, which I believe will make a difference and help setting the template for other to follow in Kraken's steps. Crypto needs exposure to become truly successful.

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Appreciate your comment @lbarbera