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Avanti Financial expects to open its doors this October with a new bank-issued digital asset.

Posted by Dan Seaman on July 27, 2020 - 6:47am


“The OCC and 49 other states do not yet have in place the comprehensive legal structure necessary for enabling digital asset custody without significant legal risk,” Long said in a press statement, adding: 

“They also do not have a roadmap for courts to adjudicate disputes involving digital assets and do not provide the certainty in bankruptcy that Wyoming provides for digital asset custodians. Its prudential standards make Wyoming the only jurisdiction in the U.S. where digital asset custody in a bank can truly be executed in a safe and sound manner.”

https://www.coindesk.com/wyoming-based-avanti-to-open-in-october-with-a-new-bank-issued-digital-asset

Simon Keighley Wyoming is becoming the Silicon Valley of the crypto world - great news for the United Sates. Caitlin Long is a Wall Street veteran and a pioneer for the blockchain space. Thanks for sharing Dan.
July 27, 2020 at 11:35am