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Federal Reserve Hardens Stance Towards Crypto, Denies Bank Membership

by Keith Noreika, Bryan Hubbard and Chris Beckmann | Feb 6, 2023 | Patomak Post

What’s Happening Federal Reserve (FRB) denies membership and master account application for state-chartered Custodia Bank with crypto-focused business model FRB presumptively prohibits banks it supervises from holding crypto as principal and certain other...

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