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Cryptocurrencies: 27132
Markets: 108366
Market Cap: $3,760,913,803,522     
24h Vol: $120,627,886,238
Bitcoin.com 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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