kaal:claim:3936876-025

Wyoming special purpose depository institutions may obtain FDIC insurance but are not required to, because they are prohibited from making loans with customer deposits of fiat currency.

Source quote, verbatim

SDPIs can obtain insurance from the Federal Deposit Insurance Corporation (FDIC), but they are not required to because they are prohibited from making loans with customer deposits of fiat currency.

From

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021), III.1 Depository Institution Requirements, p. 22
https://ssrn.com/abstract=3936876 · source PDF

Cite as

Wulf A. Kaal, Hayley Howe, Custody of Digital Assets (2021). SSRN: https://ssrn.com/abstract=3936876

Holds when

Wyoming SPDIs under HB 74

Classification

mechanismsupport: assertedgovernance-designsystemic-risk

Verify

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Attestation record: colloquium/attestations/65ebed30f8e7cfda...json
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