Custodia Bank Rejected by U.S Federal Reserve Over Safety & Soundness Risks
• The U.S Federal Reserve has rejected Custodia Bank’s membership application due to safety and soundness risks associated with their crypto-asset operations. • Custodia CEO, Caitlin Long, expressed surprise and disappointment at the Board’s action. • The bank had been waiting 18 months for the Federal Reserve Board’s response to its application to become a member. The U.S Federal Reserve Board has rejected Custodia Bank’s […]