The Independent Community Bankers of America (ICBA) has sent a letter to the Kansas City Fed, requesting a review of Kraken Financial's approved limited-purpose Federal Reserve account (Fed Account) and urging consideration of additional restrictions, suspension, termination, or non-renewal upon expiration. ICBA stated that the account involves anti-money laundering, fraud, legal, and systemic risks related to the crypto industry. Kraken Financial was granted access to the Fedwire Funds Service in March this year but does not have privileges like intraday credit, discount window access, or interest on reserves. Analysts believe this case could impact the future path for crypto companies seeking direct access to the Federal Reserve's payment infrastructure. (CryptoSlate) https://(wublock123.com)/news/icba-calls-review-kraken-financial-fed-account-63204