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Custodia Bank’s CEO says crypto will find its way into the traditional banking system and regulators could be playing ‘whack-a-mole’ years down the road. Original Source
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"If the access is granted, these institutions may introduce increased risks to the financial system," according to the minutes of the meeting. SPDIs, the document noted, "hold uninsured dollar deposits. The deposits will be backed by 100% reserves, and the funds on deposit cannot be loaned by the bank. This
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Avanti Bank and Trust CEO Caitlin Long has posted a rebuttal to a recent New York Times article claiming that crypto and decentralized finance is “disrupting the banking industry” so fast regulators can’t keep up.Disrupting traditional finance is exactly what crypto and DeFi aspires to do, but the piece titled
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Caitlin Long, founder of Wyoming-based digital asset bank, Avanti Bank & Trust, has predicted Coinbase’s upcoming IPO will be a “watershed moment” for cryptocurrency regulation.Speaking alongside SEC commissioner Hester Peirce during BlockFi and Real Vision’s “Bitcoin in the Real World” event on Feb. 5, Long speculated the IPO of the
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Caitlin Long, founder and CEO of Avanti Financial, is asking crypto users and others to testify in support of a piece of legislation which could help stop SIM swap attacks. In a tweet posted today, Long requested that any of her 70,500 followers who had been the victim of a SIM
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[sociallocker id="55298"] JPMorgan would have to move to Wyoming to protect itself from million-dollar Bitcoin (BTC), one of the United States’ most successful legislators has warned.Speaking on financial news show the Keiser Report on June 6, Caitlin Long argued that Wyoming was now far ahead of New York on Bitcoin
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During Virtual Blockchain Week, Cointelegraph spoke with Caitlin Long — the founder and CEO of the upcoming “crypto bank” Avanti Bank & Trust as well as the driving force behind regulatory changes in the state of Wyoming for allowing financial institutions to handle both crypto assets and fiat currencies.A Wall
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Caitlin Long, a former Wall Street executive who has helped Wyoming enact 13 blockchain-enabling laws, is taking advantage of the progressive Wyoming legislature to establish a first crypto-native bank in the U.S. The bank’s name is Avanti, which means “forward” in Italian.Long made this announcement earlier today in a
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A new crypto bank tries to address some of the most fundamental issues for institutions that want to get into the space. An incredible amount of work has gone into convincing institutional investors that bitcoin (BTC) and other crypto should be on their radar. Now that many are convinced, however, they
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The U.S. may soon get its first dedicated bank for digital assets.A Wyoming corporation founded by blockchain legislative champion and Wall Street veteran Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking. The future bank is called Avanti, which
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