"I'm nervous like I was in 2008," Jason Brett, a former regulator with the Federal Deposit Insurance Corporation, said.
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order ...
The Federal Reserve, in an order published Friday, explained that it rejected Custodia Bank's application to become a member ...
A crypto bank–or a traditional bank that wants to hold crypto ... Yet earlier this year, the Federal Reserve rejected an application from just such a bank, Custodia, which was chartered under ...
The two biggest banking institutions serving cryptocurrency businesses in the U.S. have shut down in the last four days.
Custodia Bank's involvement in crypto space was one of the main reasons the Federal Reserve denied its membership in January, according to an 86-page report released on March 24.
The collapse of crypto-friendly Silvergate and Signature Bank has left the industry scrambling to find anyone willing to work ...
Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the ...
If regulatory parameters for crypto are spelled out, "people would spend a lot less time thinking about, 'What are the rules?
The US Federal Reserve released an 86-page report on Friday, detailing the reasons for denying Custodia Bank's application for membership, including its involvement in the crypto space. The report ...
The network has had a first-mover advantage thus far as a platform developers could build apps on, a report from the bank ...
Regulation won't slow innovation despite tech industry claims. And the social harm stemming from Silicon Valley's innovation ...