US Gets Another Crypto Bank: Avanti is Officially a Bank

The Wyoming State Banking Board has granted Avanti Bank & Trust a bank charter. Thereby giving Avanti Financial Group the same powers as national banks and approving Avit - a tokenized US dollar. Last month, San Francisco-based crypto exchange Kraken Financial became the first crypto bank after receiving the state's banking board's nod. Now, Avanti will be competing directly with Kraken Financial. America's Second Crypto Bank With this announcement, Avanti Financial Group will be able to provide custody services for…