Cheyenne, WY is America's New Crypto Hub

The digital exchange Kraken was granted approval to become the first Crypto-Bank or Special Purpose Depository Institution, (SPDI) and it will begin operating in Cheyenne, WY. 

Why does the San Francisco based company need a State and Federal banking charter in Wyoming? Because over the past few years Wyoming has become the Delaware of Crypto currency. 

Led by Tyler Lindholm, a Wyoming state rep who is a “longtime cryptocurrency enthusiast”, they started a Blockchain Taskforce and set up Crypto-friendly regulations to attract companies like Kraken. Only a handful of places are doing this and it could mean big business for WY.

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