Custodia Bank Challenges Federal Reserve Court Decision in Pursuit of Crypto Banking Status

Friday, 26 April 2024, 16:45

Custodia, a Wyoming-based aspiring crypto bank, is appealing a court ruling that upheld the Federal Reserve's denial of their application for a master account and membership. This legal battle could have significant implications for the future of Custodia's operations within the cryptocurrency banking sector.
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Custodia Bank Challenges Federal Reserve Court Decision in Pursuit of Crypto Banking Status

Overview:

Custodia, a Wyoming-based aspiring crypto bank, filed a notice of appeal against a court ruling that affirmed the Federal Reserve's rejection of its bid for a master account and membership.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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