Wyoming Passes Banking Charter for Digital Assets

Wyoming Passes Banking Charter for Digital Assets

By Abhimanyu Krishnan | News | 21 Sep 2020


Governor of Wyoming Mark Gordon has revealed via Twitter on September 17 that the US state had become the first to approve a banking charter for digital assets. 

  • Several Wyoming officials, including House Representatives, Senate Minority Leader Chris Rothfuss and Avanti founder and CEO Caitlin Long, collaborated for the legislation
  • Governor Gordon was enthusiastic about the charter, saying that Wyoming is “taking its rightful place globally as a fintech leader”
  • San Francisco-based exchange Kraken recently became the United States’ first cryptocurrency exchange to be approved as a bank, with the first office being in Wyoming
  • The banking charter will allow cryptocurrency exchanges to flourish, offering more services, and will help bridge fiat and crypto platforms

Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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