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Fed rejects crypto bank's application to join U.S. payment system

Por: MarketWatch Politics January 28, 2023

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The bank, called Custodia, does not have federal deposit insurance. The company describes itself as a “special purpose depository institution.” It told the Fed it planned to engage in activities that include issuing crypto assets on decentralized networks, according to a . Here’s what we do – and do not – know about the future regulation in the United States. Custodia, which was previously known as Avanti, uses a special state license... + full article



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