{"id":12845,"date":"2020-02-08T12:02:31","date_gmt":"2020-02-08T16:02:31","guid":{"rendered":"https:\/\/www.duck9.com\/?p=12845"},"modified":"2020-02-08T15:09:27","modified_gmt":"2020-02-08T19:09:27","slug":"wyomings-1st-special-purpose-depository-institution-is-kraken","status":"publish","type":"post","link":"https:\/\/www.duck9.com\/blog\/wyomings-1st-special-purpose-depository-institution-is-kraken\/","title":{"rendered":"Wyoming\u00e2\u20ac\u2122s 1st Special Purpose Depository Institution is Kraken"},"content":{"rendered":"<div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">By Larry Chiang<\/div>\n<div dir=\"ltr\">Nic Carter posed a question that made me aware that \u00e2\u20ac\u0153<span style=\"background-color: rgba(255, 255, 255, 0)\">special purpose depository institution\u00e2\u20ac\u009d is a similar situation as \u00e2\u20ac\u02dcindustrial loan corporation\u00e2\u20ac\u2122 charter for credit card only banks.&nbsp;<\/span><\/div>\n<div dir=\"ltr\">The question:&nbsp;<\/div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Who will be the first crypto company to secure a charter as a &#8220;special purpose depository institution&#8221; under Wyoming&#8217;s 2019 law?<\/span><\/p>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1213178999087730691\/s3lm__sQ_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">nic carter (<a href=\"https:\/\/twitter.com\/nic__carter?s=11\">@nic__carter<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/nic__carter\/status\/1218256509987106822?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">1\/17\/20, 12:39 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">Who will be the first crypto company to secure a charter as a &#8220;special purpose depository institution&#8221; under Wyoming&#8217;s 2019 law? The race is on.&nbsp;<\/p>\n<div>\n<p><a href=\"https:\/\/t.co\/QqjzjgQqxx\">wyoleg.gov\/Legislation\/20\u00e2\u20ac\u00a6<\/a><\/p>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div dir=\"ltr\">What does the&nbsp;<span style=\"background-color: rgba(255, 255, 255, 0)\">special purpose depository institution mean in plain English&nbsp;<\/span><\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1213178999087730691\/s3lm__sQ_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">nic carter (<a href=\"https:\/\/twitter.com\/nic__carter?s=11\">@nic__carter<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/nic__carter\/status\/1218256808487325696?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">1\/17\/20, 12:40 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">h\/t&nbsp;<a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@CaitlinLong_\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>&nbsp;and Wyoming legislators for this astounding body of work. I just read through the text of the law and I&#8217;m very impressed. what it means in plain language:&nbsp;<\/p>\n<div>\n<p><a href=\"https:\/\/t.co\/AbgqS1p3fn\">caitlin-long.com\/what-do-wyomin\u00e2\u20ac\u00a6<\/a><\/p>\n<\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\nMore on&nbsp;special purpose depository institution by this ex Morgan banker who now blogs&nbsp;<\/span><\/p>\n<\/div>\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/832256737554079746\/Tf_g9n0M_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">Caitlin Long &#x1f511; (<a href=\"https:\/\/twitter.com\/caitlinlong_?s=11\">@CaitlinLong_<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/caitlinlong_\/status\/1102547873172987904?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">3\/4\/19, 5:34 AM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">WHAT DO WYOMING&#8217;S BLOCKCHAIN LAWS REALLY MEAN? Here&#8217;s my analysis of how all the puzzle pieces fit together. Everyone in&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23blockchain&#038;src=hash\">#blockchain<\/a>&nbsp;may want to see it. Once you see what&nbsp;<a href=\"https:\/\/twitter.com\/search?q=%23Wyoming&#038;src=hash\">#Wyoming<\/a>&nbsp;has created, I think it might blow you away! &#x1f920;&nbsp;<a href=\"https:\/\/t.co\/mQAwrOUcHE\">forbes.com\/sites\/caitlinl\u00e2\u20ac\u00a6<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@Tyler_Lindholm\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Tyler_Lindholm\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@Tyler_Lindholm\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a>&nbsp;<a href=\"https:\/\/twitter.com\/\u00e2\u20ac\u00aa@TraceMayer\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\"><\/a><a href=\"mailto:\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TraceMayer\u00e2\u20ac\u00ac\u00e2\u0081\u00a9\">\u00e2\u0081\u00a6\u00e2\u20ac\u00aa@TraceMayer\u00e2\u20ac\u00ac\u00e2\u0081\u00a9<\/a><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<\/div>\n<div dir=\"ltr\">\n<table style=\"border: 1px solid black; padding: 8px\">\n<tbody>\n<tr valign=\"bottom\">\n<td width=\"48\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><img decoding=\"async\" src=\"https:\/\/pbs.twimg.com\/profile_images\/1213178999087730691\/s3lm__sQ_normal.jpg\" style=\"width: 48px; height: 48px; padding-right: 8px\"><\/span><\/td>\n<td><b style=\"background-color: rgba(255, 255, 255, 0)\">nic carter (<a href=\"https:\/\/twitter.com\/nic__carter?s=11\">@nic__carter<\/a>)<\/b><\/td>\n<\/tr>\n<tr>\n<td colspan=\"2\">\n<div><a href=\"https:\/\/twitter.com\/nic__carter\/status\/1226024082489167873?s=11\" style=\"caret-color: rgb(0, 0, 0); background-color: rgba(255, 255, 255, 0)\"><font color=\"#000000\">2\/7\/20, 11:04 PM<\/font><\/a><\/div>\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\">we have a (potential) winner, folks!&nbsp;<\/p>\n<div>\n<p><a href=\"https:\/\/t.co\/E6xaACcDBa\">jobs.lever.co\/kraken\/5b95ae2\u00e2\u20ac\u00a6<\/a><\/p>\n<\/div>\n<div><\/div>\n<p><\/span><\/div>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n<div dir=\"ltr\">\n<div dir=\"ltr\">\n<p style=\"margin: 0px; font-stretch: normal; line-height: normal\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; line-height: normal\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Job listing<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; line-height: normal\"><span style=\"background-color: rgba(255, 255, 255, 0)\">Managing Director, Kraken<\/span><\/p>\n<p style=\"margin: 0px; font-stretch: normal; line-height: normal\"><span style=\"font-family: Helvetica; font-size: 12pt\"><b>Special Purpose Depository Institution CEO<\/b><\/span><\/p>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/jobs.lever.co\/kraken\/5b95ae2b-8fce-43e5-9176-227818f84ad5\">https:\/\/jobs.lever.co\/kraken\/5b95ae2b-8fce-43e5-9176-227818f84ad5<\/a><\/p>\n<\/div>\n<div dir=\"ltr\">\n<div><span style=\"background-color: rgba(255, 255, 255, 0)\"><a href=\"https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0\">https:\/\/www.youtube.com\/watch?v=ejeIz4EhoJ0<\/a><\/span><\/p>\n<div>\n<div>\n<div dir=\"ltr\"><span style=\"background-color: rgba(255, 255, 255, 0)\"><br \/>\n<\/span><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>By Larry Chiang Nic Carter posed a question that made me aware that \u00e2\u20ac\u0153special purpose depository institution\u00e2\u20ac\u009d is a similar situation as \u00e2\u20ac\u02dcindustrial loan corporation\u00e2\u20ac\u2122 charter for credit card only banks.&nbsp; The question:&nbsp; Who will be the first crypto company to secure a charter as a &#8220;special purpose depository institution&#8221; under Wyoming&#8217;s 2019 law? nic [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-12845","post","type-post","status-publish","format-standard","hentry","category-deep-underground-cryptocurrency-knowledge-9"],"post_mailing_queue_ids":[],"_links":{"self":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12845","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/comments?post=12845"}],"version-history":[{"count":0,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/posts\/12845\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/media?parent=12845"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/categories?post=12845"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.duck9.com\/blog\/wp-json\/wp\/v2\/tags?post=12845"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}