Kraken’s Historic Fedwire Access Sparks Backlash from Top Democrat Maxine Waters A monumental breakthrough for the cryptocurrency industry has ignited a firestorm of debate on Capitol Hill. The Federal Reserve Bank of Kansas City recently granted Kraken Financial, the banking arm of a leading U.S. crypto exchange, a “limited purpose account,” giving it direct access […]
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US Court Rejects Custodia Bank Rehearing as Kraken Scores Fedwire Access in Crypto Banking Clash In a tale of two crypto titans, Custodia Bank and Kraken have landed on opposite sides of the regulatory fence in their fight for access to the Federal Reserve’s payment systems. While Custodia slams into a legal dead end, Kraken […]
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Kraken Secures Federal Reserve Payment Access: A Win for Crypto with Strings Attached Kraken, a heavyweight in the cryptocurrency exchange arena, has pulled off a historic feat by gaining direct access to the Federal Reserve’s payment system through its banking arm, Kraken Financial. Announced by the Federal Reserve Bank of Kansas City, this breakthrough allows […]
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