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flag Kraken Financial gains U.S. Fed payment access, a first for a crypto firm.

flag Kraken Financial, the banking arm of cryptocurrency exchange Kraken, has become the first crypto firm to gain access to the U.S. Federal Reserve’s core payment systems through a limited-purpose account approved by the Federal Reserve Bank of Kansas City. flag The one-year approval allows Kraken to move funds via the same infrastructure used by traditional banks, marking a significant step toward integrating digital assets into mainstream finance. flag The move reflects growing regulatory confidence in Kraken’s compliance practices and signals evolving acceptance of crypto firms within the U.S. financial system, though the account does not grant full banking privileges like earning interest on reserves.

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