Avanti Becomes Latest Crypto Startup to Win Bank Charter in Wyoming – BeInCrypto

Wyoming’s profile as a crypto-friendly state is on the rise. Avanti has received unanimous approval for a bank charter by the Wyoming State Banking Board in an 8-0 vote.

Avanti joins Kraken Financial in Cheyenne, Wyo., the latter of which scored its bank charter in September.

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Kraken Financial Chief: Cheyenne Is the New Boise of Technology – BeInCrypto

Kraken couldn’t have picked a better time to launch a regulated U.S. bank. With reminders such as BitMEX reeling from criminal charges, John McAfee awaiting extradition in Spain and KuCoin suffering a hack, it’s clear that crypto has yet to fully shake its Wild West reputation.

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