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2023-01-29 11:30:45

Crypto Bank Custodia Denied Membership in US Federal Reserve System

Crypto Bank Custodia Denied Membership in US Federal Reserve System

The U.S. Federal Reserve Board has rejected the attempt of Custodia Bank to become member of the Federal Reserve System. According to the decision announced Friday, the application submitted by the digital asset bank is inconsistent with legal requirements. Federal Reserve Board Says Business Model Proposed by Custodia Bank Presents Risks Crypto bank Custodia has

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