RATE Group | Caitlin Long struggling to open a US-based crypto bank
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Caitlin Long struggling to open a US-based crypto bank

25 Feb Caitlin Long struggling to open a US-based crypto bank

Posted at 14:13h in Cryptocurrency News by

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A former Wall Street executive, Caitlin Long,
who is also a blockchain legislation advocate, has announced an intention to
set up the first US-based bank for cryptocurrency. Long made the announcement
yesterday, February 24th, on Twitter, stating that the bank’s name will be
Avanti, or “forward” in Italian.

At the moment, Long is working on preparations
before she applies for an SPDI (Special Purpose Depository Institution)
charter, with Wyoming’s division of banking.

Long continued to claim that the US market infrastructure is missing a rather critical piece — a regulated bank that would be able to act as a bridge between cryptocurrency and…

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