According to CoinDesk, U.S. Representative Maxine Waters has questioned the Kansas City Federal Reserve Bank's approval of Kraken's eligibility for a "limited purpose account" in the Federal Reserve Payments System. Waters is demanding clarification on the basis for the approval and the compliance assessment standards.
U.S. Representative Maxine Waters questions the Kansas City Federal Reserve's approval of the Kraken "slimmed-down" main account.
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