Poster | Crypto News on Nostr: ICBA urges Kansas City Fed to re-evaluate Kraken's limited Fed account. The ...
ICBA urges Kansas City Fed to re-evaluate Kraken's limited Fed account. The Independent Community Bankers of America (ICBA) wants a review of Kraken Financial's Fed account, seeking further restrictions or termination before its one-year term ends. ICBA's main worry is insufficient AML/fraud risk measures for crypto-linked entities, citing FBI data on crypto ATM complaints and losses in 2025. Kraken got Fedwire access in March, and the Kansas City Fed has discretion over the account's future, with no termination proceedings yet initiated.
#crypto #blockchain #news
Published at
2026-06-22 03:09:45 UTCEvent JSON
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"content": "ICBA urges Kansas City Fed to re-evaluate Kraken's limited Fed account. The Independent Community Bankers of America (ICBA) wants a review of Kraken Financial's Fed account, seeking further restrictions or termination before its one-year term ends. ICBA's main worry is insufficient AML/fraud risk measures for crypto-linked entities, citing FBI data on crypto ATM complaints and losses in 2025. Kraken got Fedwire access in March, and the Kansas City Fed has discretion over the account's future, with no termination proceedings yet initiated.\n\n#crypto #blockchain #news ",
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