Gordon: Wyoming approves world's first cryptocurrency bank charter - Casper, WY Oil City News
Oil City News Logo

Gordon: Wyoming approves world’s first cryptocurrency bank charter

(Pixabay)

CASPER, Wyo. — Wyoming Governor Mark Gordon’s office said on Wednesday, Sept. 16 that the Wyoming Banking Division has approved an application from Kraken “to create the world’s first Special Purpose Depository Institution (SPDI).”

“Today Wyoming became the first U.S. state to approve a banking charter for digital assets,” Gordon said in a release. “Wyoming’s new charter will allow those using digital assets, like cryptocurrency, to access reliable financial services, protect consumers, and allow businesses a way to hold digital assets safely.”

Gordon added that he is proud of Wyoming’s leadership in this area. He also thanked a number of legislators and others for the role they played.

Article continues below...

“Thanks to  Ogden Driskill, Tyler Lindholm, Jared Olsen, Chris Rothfuss and Caitlin Long, as well as Albert Forkner of the Wyoming Banking Division, who all played a role in creating a solid and effective regulatory environment,” Gordon said. “Wyoming is taking its rightful place globally as a fintech leader.”