The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order ...
As a result, people in Mexico can easily deposit cash into their Mercado Pago accounts and then access TruBit's wide range of ...
The Federal Reserve, in an order published Friday, explained that it rejected Custodia Bank's application to become a member ...
US banks, already hesitant to work with crypto customers, are now even warier of providing services to the industry after a ...
Long said that the application-programming interface ... and 105% from year four onward. The crypto bank applied for a master account in October 2020, and for membership at the Federal Reserve ...
A crypto bank–or a traditional bank that wants to ... Yet earlier this year, the Federal Reserve rejected an application from just such a bank, Custodia, which was chartered under Wyoming ...
If regulatory parameters for crypto are spelled out, "people would spend a lot less time thinking about, 'What are the rules?
The CFTC has just filed a lawsuit against Zhao and his firm Binance, the world's largest cryptocurrency exchange, for ...
Is the Federal Reserve, charged with supervising the banks for which it is the primary regulator, too chummy or aligned with ...
The US Federal Reserve released an 86-page report on Friday, detailing the reasons for denying Custodia Bank's application ...
If accepted as a member of the Fed system, Custodia Bank would be further forbidden to run crypto-related services ... to approve Custodia’s membership application, it would prohibit Custodia ...
