{"id":15291,"date":"2019-12-22T22:20:42","date_gmt":"2019-12-22T22:20:42","guid":{"rendered":"https:\/\/davidgerard.co.uk\/blockchain\/?p=15291"},"modified":"2019-12-23T12:38:11","modified_gmt":"2019-12-23T12:38:11","slug":"news-kraken-trouble-in-wyoming-reggie-fowler-plea-deal-australia-clamps-down-on-crypto-exchanges","status":"publish","type":"post","link":"https:\/\/davidgerard.co.uk\/blockchain\/2019\/12\/22\/news-kraken-trouble-in-wyoming-reggie-fowler-plea-deal-australia-clamps-down-on-crypto-exchanges\/","title":{"rendered":"News: Kraken trouble in Wyoming, Reggie Fowler plea deal, Australia clamps down on crypto exchanges"},"content":{"rendered":"

The shocking allegations against the Kraken crypto exchange<\/a> \u2014 which I broke the story on, and you can thank me at the Patreon!<\/a> \u2014 just made the mainstream press<\/a> … and may cause issues with Kraken’s plans in Wyoming.<\/p>\n

Kraken were hoping to use Wyoming’s somewhat indulgent “blockchain” laws \u2014 largely written by the crypto industry<\/a> \u2014 to get a local banking charter. They hoped to use this as a back door into New York state<\/a> \u2014 without getting the New York BitLicense they’d normally need.<\/p>\n

Wyoming\u2019s banking commissioner, Albert Forkner, is not happy<\/i> \u2014 \u201cAs part of our bank chartering process, the Division of Banking and our federal colleagues will conduct a thoughtful investigation into the lawsuit. If Kraken applies for a SPDI charter, they must meet our rigorous standards for the prevention of money laundering and sanctions violations.”<\/p>\n

And, key point from Forkner \u2014 “They won\u2019t do business in Wyoming unless the allegations are proven to be false.\u201d So just settling Nathan Runyon’s original wrongful termination suit won’t make Kraken’s Wyoming problems go away.<\/p>\n

(You can tell when a news outlet got the story from me, even if they don’t credit me \u2014 because they use the copy of the suit that I uploaded.<\/a>)<\/p>\n

In news from other upright and trustworthy exchanges of flawless repute, Bitfinex have the subpoena<\/a> they asked for,<\/a> to find out just what Crypto Capital Corp did with their $850 million. Can’t wait for them to \u201cfind the real killers.\u201d<\/p>\n

Reggie Fowler<\/a> from Crypto Capital Corp \u2014 US money mules to many crypto exchanges, especially Bitfinex \u2014 is expected to change his plea to “guilty”<\/a> \u2014 likely as part of a plea deal, which I expect will involve him singing, or having sung, Beethoven’s 9th.<\/p>\n

 <\/p>\n

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pic.twitter.com\/6ouyy2Gudd<\/a><\/p>\n

— crypto canada (@wannabtrading) October 5, 2019<\/a><\/p><\/blockquote>\n