Kraken crypto platform, on August 18, 2020, a license was issued; for create the First Digital Asset Bank in the United States known as Kraken Financial.
As a result of this license, the company will function as a recognised and fully regulated United States financial institution and will have the power to provide comprehensive deposit to taking, custody and more when it comes to cryptocurrency.
The Kraken crypto platform has just been licensed to create the First Digital Asset Bank in the US, known as Kraken Financial. As a result of this license, the company will function as a recognized and fully regulated US financial institution and will be entitled to provide complex deposits for accepting, holding, and more when it comes to cryptocurrency.
But what does this mean for the Bank's clients? Clients of this Bank will be able to receive their salaries in bitcoins, as well as pay for goods, services, utility bills using cryptocurrency.
Kraken Financial, as a Bank, will facilitate the rapid, smooth and efficient integration of digital assets into mainstream trading and banking.
Chief Executive Officer Mr. David Kinitsky said the following:
“We’re thrilled to work in a state so aligned with our philosophy and values. Wyoming is a rare and shining example of how thoughtful regulation can drive innovation for FinTech companies.”
The launch of the Bank of Digital Assets will enable more people to access digital assets for everyday use.
Digital Asset Bank - Kraken Financial, will operate from its headquarters in Cheyenne, Wyoming, and will provide services to its US client base.
In 2021, Digital Asset Bank - Kraken Financial plans to make banking services available to people around the World.
The world is changing Gentlemens, global changes are coming in the World economy.