Crypto exchange Kraken has secured approval for a Federal Reserve “master account,” giving it access to the Fed’s core payment systems.
A "master account" enables regulated depository institutions to maintain account balances at the central bank.
Kraken Financial's account comes with some limitations, akin to the "skinny" master account proposed by the Fed’s board of governors last year.
A "master account" enables regulated depository institutions to maintain account balances at the central bank.
Kraken Financial's account comes with some limitations, akin to the "skinny" master account proposed by the Fed’s board of governors last year.
