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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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The Cardano blockchain's lead development firm has established a new research center at the University of Wyoming (UW), after making a $500,000 donation in the ADA cryptocurrency.IOHK announced Friday that its new research and authentication center would form part of UW's Blockchain Research and Development Lab and would promote the
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At CoinDesk’s Invest: NY conference last month, Wyoming officials touted the charter as a potential end-run around New York’s notoriously strict BitLicense, which the Empire State is in the process of revising. Kraken CEO Jesse Powell has previously said his company stopped serving New York customers several years ago because
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Wyoming is leading the race to enact crypto friendly legislation to stir crypto activity in the US state.Before 2019, the western state has been conservative with its approach towards money-transmission. However, a new generation of lawmakers are turning the tide and transforming the financial thread of the state to allow
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