US Federal Reserve denies Custodia Bank’s ask for Fed supervision

US Federal Reserve denies Custodia Financial institution’s quiz for Fed supervision

The United States Federal Reserve has denied a quiz from cryptocurrency bank Custodia Financial institution to reassess its membership utility to the Federal Reserve Procedure.

The Fed launched its denial on Feb. 23 asserting the Federal Reserve Board previously determined that Custodia’s utility “used to be inconsistent with the specified components beneath the law.”

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