Kraken wins Kansas City Fed approval for limited master account access

In a first for crypto, Kraken’s banking unit gained access to the US Federal Reserve’s payment system, Fedwire, though without full banking privileges such as interest on reserves.
Source: Kraken wins Kansas City Fed approval for limited master account access (https://cointelegraph.com/news/kraken-crypto-exchange-fed-master-account?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound)