Crypto bank Custodia sues the Fed over 19 month delay on account approval
Wyoming based digital asset bank Custodia is suing the Federal Reserve Board of Governors and the Federal Reserve Bank of Kansas City, claiming an “unlawful delay” in processing an application for its master account. Custodia, formerly known as Avanti was one of the first Special Purpose Depository Institutions (SPDIs) also known as “blockchain banks” made […]
Aussie banks ANZ and NAB won’t 'endorse' retail speculation on crypto
Executives at two of Australia’s “big four” banks have ruled out allowing retail customers to trade cryptocurrency on their platforms, with one reasoning that customers don’t understand “basic financial well-being.” Speaking at the Australian Financial Review Banking Summit on May 31 Maile Carnegie, executive for retail banking at Australia and New Zealand Banking Group (ANZ) […]