Crypto Startup Avanti Receives License To Operate as National Bank in Wyoming

[Galaxy]

Crypto startup Avanti Financial Group has been granted a license to offer banking services by the Wyoming State Banking Board.

The license, or bank charter, means Avanti can now operate as a conventional bank – but one with a twist, capable of holding both crypto and dollars. It plans to launch in 2021.

According to a statement published Oct. 28, the firm will also now be able to take custody of crypto assets like bitcoin while its plan for the creation of Avit, a tokenized US dollar, has been given the go ahead.
Info link: https://news.bitcoin.com/crypto-startup-avanti-receives-license-to-operate-as-national-bank-in-wyoming/