The Federal Reserve Bank of Kansas City has officially granted Kraken (acting as a Wyoming Special Purpose Depository Institution) a "limited purpose" Master Account.
By obtaining a Master Account, Kraken has solved the "chokepoint" problem that has plagued the industry for a decade. Analysts suggest this is the final nail in the coffin for the "unbanked" narrative — in 2026, crypto isn't just part of the banking system; it is a pillar of it.
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AuthorTomas Duda
