Wyoming-based digital asset bank Kraken Bank moved a step closer toward being granted a Federal Reserve Master Account and gaining the same access to the global payments system as traditional banks.
Crypto companies have traditionally had difficulty accessing banking services. Kraken, should it be granted this access, would be well positioned toThe American Bankers Association recently granted Kraken a routing number, bringing it one step closer to receiving one of the highly coveted Federal Reserve master accounts, which would allow it to deposit funds with the Fed and access the global payments system.
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