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Kraken and Fidor to Create the World’s First Cryptocurrency Bank


Kraken is collaborating with German BaFin-regulated bank Fidor to create the world’s first cryptocurrency bank. The aim of the open initiative is to set up a fully regulated and licensed financial services entity and to pool financial services from different providers in the industry. “We are extremely excited about the opportunity to deepen our partnership with Fidor, to leverage the experience we’ve gained working together over the past year, and to benefit the broader crypto-currency community, industry and ecosystem,” said Kraken CEO Jesse Powell.

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