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In The Media

Wyoming’s 1st Special Purpose Depository Institution is Kraken

by Larry Chiang on February 8, 2020

By Larry Chiang
Nic Carter posed a question that made me aware that “special purpose depository institution” is a similar situation as ‘industrial loan corporation’ charter for credit card only banks. 
The question: 
Who will be the first crypto company to secure a charter as a “special purpose depository institution” under Wyoming’s 2019 law?

nic carter (@nic__carter)
Who will be the first crypto company to secure a charter as a “special purpose depository institution” under Wyoming’s 2019 law? The race is on. 

What does the special purpose depository institution mean in plain English 
nic carter (@nic__carter)
h/t ⁦‪@CaitlinLong_‬⁩ and Wyoming legislators for this astounding body of work. I just read through the text of the law and I’m very impressed. what it means in plain language: 


More on special purpose depository institution by this ex Morgan banker who now blogs 

Caitlin Long 🔑 (@CaitlinLong_)
WHAT DO WYOMING’S BLOCKCHAIN LAWS REALLY MEAN? Here’s my analysis of how all the puzzle pieces fit together. Everyone in #blockchain may want to see it. Once you see what #Wyoming has created, I think it might blow you away! 🤠 forbes.com/sites/caitlinl… ⁦‪@Tyler_Lindholm‬⁩ ⁦‪@TraceMayer‬⁩


nic carter (@nic__carter)
we have a (potential) winner, folks! 


Job listing

Managing Director, Kraken

Special Purpose Depository Institution CEO

https://jobs.lever.co/kraken/5b95ae2b-8fce-43e5-9176-227818f84ad5

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