SPDI

US Federal Reserve Proposes Guidelines for ‘Novel’ Banks That Want Access to Fed Payments

The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.

News  ·  5 May 2021

Caitlin Long’s Wyoming Crypto Bank Announces C-Suite, Including Bitcoin Core Dev

On Tuesday, Avanti Financial Group announced five executive hires, including Bitcoin Core developer Bryan Bishop and Figure Technology’s Zev Shimko.

Business  ·  18 March 2020
Banking

Blockchain Pioneer Caitlin Long to Build Crypto Bank in Wyoming

A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.

Business  ·  24 February 2020
Wyoming

Kraken Job Ad Hints at Plan to Build Special-Purpose Wyoming Bank

The cryptocurrency exchange has opened up a position for someone to oversee operations for the firm’s future Wyoming SPDI bank charter.

Business  ·  12 December 2019
Cannabis

Colorado Could Be Next in the Race to Bank Crypto (and Cannabis)

State policymakers want Colorado to be the new Wyoming, creating friendly legislation to draw crypto companies.

Business  ·  24 October 2019