Kraken: First Crypto Firm Granted Access to Fed’s Core Payments System
Governor Gordon welcomed the Fed's decision, stating it signals federal support for Wyoming’s pioneering banking and digital asset laws.
Good Look
tl;dr
The Federal Reserve granted Kraken Financial a master account, making it the first crypto firm with direct access to the U.S. central bank's payment rails. This historic move enables direct dollar settlement but faces sharp criticism from traditional banking associations.
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