(Reuters) - The U.S. Federal Reserve on Thursday denied crypto-focused Custodia Bank's request that the central bank reconsider its application to become a member of the Federal Reserve System.
The Fed previously said Custodia, which is based in Wyoming and is chartered through the state as a special purpose depository institution, lacked a sufficient risk management framework to address the heightened risks associated with crypto.
(Reporting by Hannah Lang in Washington; Editing by Chris Reese)
Price
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Change
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5d. change
|
Capi.
| ||
|---|---|---|---|---|---|
| 0.6726 USD | -0.08% | -0.36% | - | ||
| 0.012 USD | -0.00% | 0.00% | - | ||
| 0.7302 USD | -0.11% | -0.57% | - | ||
| 0.6076 USD | +0.09% | -0.20% | - | ||
| 1.094 USD | +0.31% | +0.97% | - | ||
| 1.301 USD | +0.24% | +1.21% | - | ||
