Custodia Bank – DIGIT INFO

University of Wyoming launches Bitcoin Research Institute

DIGIT — Mon, 29 Jul 2024 01:08:43 +0000

The Bitcoin Research Institute will open in August as part of the University of Wyoming’s College of Arts and Sciences.

Court Dismisses Custodia Bank’s Challenge Against Federal Reserve

DIGIT — Sun, 31 Mar 2024 21:21:27 +0000

In a significant ruling, a federal judge has dismissed Custodia Bank Inc.’s claim for entitlement to a Federal Reserve master account, marking a setback for the Wyoming-based depository institution. Custodia Bank argued that the Federal Reserve Bank of Kansas City (FRBKC) was legally obliged to grant its application for a master account, a critical financial […]

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South African Professor Accuses US Regulators of Attempting to ‘Assassinate Crypto’

DIGIT — Thu, 06 Apr 2023 11:49:58 +0000

The United States’ attempts to “assassinate crypto” are illegal and unlikely to succeed because “crypto is global,” Steven Boykey Sidley, a South African professor and author, has argued. According to Sidley, many formerly U.S.-based companies and innovators have fled the country and have set up bases in countries with more “comfortable” regulatory environments. The United […]

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A Look at the Fed’s Recent Custodia Bank Denial and the Central Bank’s Push Back Against Narrow Banking

DIGIT — Mon, 27 Mar 2023 04:30:19 +0000

Over the past century, the number of American banks has significantly decreased, dropping from 30,000 banks in 1921 to 4,997 U.S. banks in 2021, according to data from the Federal Reserve. Recently, the U.S. central bank denied Custodia Bank of Wyoming, a financial institution that holds $1.08 for every dollar deposited by customers. Although there […]

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Flagstar Bank Acquires Signature Bank’s Assets and Branches, Excluding Cryptocurrency Operations

DIGIT — Mon, 20 Mar 2023 21:30:16 +0000

On Monday, about a week after the collapse of Signature Bank, the Federal Deposit Insurance Corporation (FDIC) announced that Flagstar Bank, a wholly owned subsidiary of New York Community Bancorp, acquired 40 former branches of Signature and its assets. Flagstar assumed nearly all of Signature’s deposits, except for $4 billion of deposits related to the […]

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US Fed to create new crypto team amid concerns about unregulated stablecoins

DIGIT — Fri, 10 Mar 2023 05:15:00 +0000

The Fed’s Vice Chair for Supervision emphasized that they do not want to curb innovation, but ensure that regulations protect households and the financial system.

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US Federal Reserve denies Custodia Bank’s request for Fed supervision

DIGIT — Thu, 23 Feb 2023 23:10:56 +0000

The Federal Reserve Board has denied the request from crypto-focused Custodia Bank to reconsider its membership to the Federal Reserve System.

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Custodia Bank CEO slams Washington’s ‘misguided crackdown’ on crypto

DIGIT — Sat, 18 Feb 2023 05:40:18 +0000

Caitlin Long revealed that she had warned government agencies of major “fraud” in the crypto space months before several firms went bankrupt.

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