ME News message, December 18 (UTC+8), the Federal Reserve decided to withdraw a guidance issued in 2023 that effectively prevented uninsured banks from becoming Federal Reserve members and participating in cryptocurrency-related businesses. This guidance was the basis for the Federal Reserve's refusal to approve Custodia Bank's main account application. (Source: ME)
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content.See T&Cs.
