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Wyoming Reveals First-Ever Crypto Custody Rules for ‘Blockchain Banks’
At the Fordham Law Blockchain Regulatory Symposium, Wyoming announced the first-ever opt-in custody rules regarding its “blockchain banks.” Wyoming’s “blockchain banks” — legally known as “special purpose depository institutions” (SPDIs) — were approved by the Wyoming state legislature in February of this year and were introduced to serve those businesses unable to secure FDIC-insured bankingRead More