Avanti Submits Comments to Federal Reserve

July 12, 2021 – Cheyenne, Wyo. – Today, in response to the Federal Reserve’s request for comments on its Proposed Guidelines for Evaluating Account and Services Requests, Avanti submitted this comment letter to the Federal Reserve. Additional comment letters on the Federal Reserve’s proposal can be viewed on the Federal Reserve’s website, linked here.

About Avanti:  Avanti Financial Group, Inc. is a Wyoming bank formed to serve as a compliant bridge to the U.S. dollar payments system and a custodian of digital assets that can meet the strictest level of institutional custody standards. Avanti is required to fully comply with all applicable laws and regulations, including the Bank Secrecy Act, federal “know your customer” standards, and anti-money laundering and related laws and regulations. Avanti will also comply with Wyoming’s special purpose depository institution and digital asset laws, which include requirements that fiat deposits be 100% reserved and that Avanti meet the strictest consumer protections in the digital asset industry.

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