The U.S. ICBA demands a review of Kraken's limited-use accounts, putting pressure on the prospect of the cryptocurrency company's direct connection to the Federal Reserve payment channel
According to CryptoSlate, the Independent Community Bankers of America (ICBA) sent a letter to the Federal Reserve Bank of Kansas City, requesting a reassessment of Kraken Financial's compliance before the renewal of its one-year limited-purpose account, and to consider additional measures such as restrictions, suspension, non-renewal, or termination.
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