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Custodia Bank’s Bid for Fed Supervision Rejected Again

The Federal Reserve Board announced it had again rejected crypto bank Custodia's bid for Fed supervision, after previously denying the application last month. CoinDesk Global Policy & Regulation Managing Editor Nikhilesh De explains the latest developments.

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Markets

Ціна Bitcoin знову падає до тижневого мінімуму через хвилювання щодо інфляції

Січневий індекс цін PCE – улюблений індикатор інфляції ФРС – несподівано зріс до 5,4%.

The government's inflation report for April was released Wednesday morning (Getty Images)

Policy

Пропозицію Крипто Bank Custodia щодо нагляду ФРС знову відхилено

Минулого місяця ФРС відхилила першу заявку Custodia.

Custodia Bank founder Caitlin Long (Suzanne Cordeiro/Shutterstock/CoinDesk)

Videos

US Regulators Warn Banks About Crypto Liquidity Risks; IMF Board ‘Generally Agreed’ Crypto Shouldn’t Be Legal Tender

The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers. Separately, the International Monetary Fund’s (IMF) Executive Board said in a statement that cryptocurrency should, in general, not be granted legal tender status.

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Videos

Former FDIC CIO on Crypto Liquidity Risks for US Banks

The Federal Reserve and other U.S. banking agencies are warning banks that crypto poses significant liquidity dangers, further reinforcing their campaign to generally steer lenders away from digital assets. Former FDIC Chief Innovation Officer Sultan Meghji explains why this warning is a "nothing burger" and whether US regulators' approach to crypto regulation will have a chilling effect on financial innovation. Plus, why FDIC could never insure bitcoin the way US dollars are insured.

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Policy

Органи банківського регулювання США попереджають банки про ризики Крипто

Федеральна резервна система та інші агентства опублікували чергову заяву про вразливість Крипто як загрозу банківській системі США.

Edificio de la Reserva Federal de Estados Unidos en Washington, D. C. (Jesse Hamilton/CoinDesk)

Finance

Ціна Bitcoin залишається нижчою після публікації протоколу FOMC

На своєму останньому засіданні Федеральна резервна система підвищила базову ставку на 25 базисних пунктів.

Hawkish remarks by a Fed official sent bitcoin falling.(Getty Images/Tim Chapman)

Videos

What Coinbase's Q4 Earnings Mean For Crypto

Coinbase (COIN) reported Q4 net revenue of $605 million, ahead of analyst estimates of $588 million and up 5% from $590 million in Q3. Pastel Network co-founder Anthony Georgiades discusses the crypto exchange's latest earnings report and its implications for the crypto industry. Plus, the minutes of the Fed's February 1st meeting will be published later today. 

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Policy

Кейтлін Лонг бачить «скоординовані зусилля» регулюючих органів для відмови у зберіганні

Генеральний директор каже, що Крипто тут, звикайте до неї. Custodia Bank подав до Федеральної резервної системи ще одну заявку на головний рахунок.

Caitlin Long at BTC 22 (Danny Nelson/CoinDesk)

Videos

Custodia Bank Resumes Push for Fed 'Master Account' After Rejection

Custodia Bank filed an amended complaint against the Federal Reserve last Friday, weeks after the Fed rejected the bank's effort to secure a "master account" and become a member of the Federal Reserve System. Founder and CEO Caitlin Long said Custodia Bank has been "disparaged by powerful regulators and politicians," adding, "we did nothing wrong."

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