The World's First Crypto Bank with David Kinitsky & Marco Santori

“The bottom line is that a bank is a big deal… banking is the granddaddy of it all, it’s the bottom of the financial services stack.”

— David KinitskyLocation: Squadcast

Date: Wednesday 23rd September

Company: Kraken Financial & Kraken

Role: CEO & Chief Legal OfficerLast week Kraken announced that the Wyoming Banking Board had voted in favour of the exchange's application for a banking charter under Wyoming's Special Purpose Depository Institution statute. This charter makes Kraken the first cryptocurrency company to gain banking status.Receiving the banking charter opens traditional rails in the finance world that had previously been unavailable to the exchange, and in turn, will lead to the development of a range of innovative new banking services.In this interview, I talk to Kraken Financial CEO David Kinitsky and Kraken's Chief Legal Officer Marco Santori. We discuss the creation of a crypto bank, what it will mean to both the industry and Kraken customers and why they chose Wyoming.This episode’s sponsors:Kraken - The best place to buy, sell & trade Bitcoin

BlockFi - The future of Bitcoin financial services

Sportsbet.io - Online sportsbook & casino that accepts Bitcoin

Casa - The leading provider of Bitcoin multisig key security.

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