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Cryptocurrencies: 28461
Markets: 119428
Market Cap: $2,403,694,747,923     
24h Vol: $298,553,492,204
CoinDesk 2023-01-27 17:43:29

Custodia Bank Denied Federal Reserve System Membership

Custodia Bank Denied Federal Reserve System Membership
The Federal Reserve Board has denied Custodia Bank’s application for membership, claiming the crypto-focused institution’s “novel business model and proposed focus on crypto-assets presented significant safety and soundness risks.”
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