Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval
![Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval Federal Reserve Says Custodia’s Crypto-Focused Business Model Is ‘Inconsistent’ With Approval](/img/bitcoin.jpg)
The Federal Reserve Board argued that Custodia Bank’s proposed business model was “inconsistent” with approval in an order explaining its denial of the Wyoming-based crypto bank’s application for membership.