Kraken parent company Payward to become first crypto firm to buy a European Bank
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Payward, the parent company of crypto exchange Kraken, announced on Wednesday that it has entered an agreement to acquire Saldo Bank, a Lithuania-based online bank licensed in the European Union. Once completed, the acquisition would make Payward the first crypto-native firm to own a European bank. The acquisition, expected to close in 2027 pending regulatory approval, is significant because it would pave the way for the Wyoming-based company to offer banking services across Lithuania, Finland,
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