Caitlin Long talks about her new venture, Avanti Bank, which will be a Wyoming special-purpose depository institution, what that means, and how that could bypass the New York Bitlicense. She covers why that’s better than trust companies for certain types of customers, which type of institutions Avanti will target, and how this status will protect investors in a bankruptcy situation. Plus, she explains how Avanti will be a bank and yet have the “not your keys, not your coins” ethos, and how it will handle things like airdrops, forks and staking rewards, and why in the Ethereum hard fork, the bank would have needed permission from customers to follow the fork that became Ethereum.
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Kelman Law: https://kelman.law
Caitlin Long: https://twitter.com/CaitlinLong_
Avanti Bank: https://avantibank.com
Caitlin’s announcement on Avanti: https://twitter.com/CaitlinLong_/status/1231958552790482950
Tweet storm on SPDIs: https://twitter.com/CaitlinLong_/status/1194022779730968577
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