US District Court of Wyoming denies Custodia Bank's bid for Federal Reserve master account.
The US District Court of Wyoming has denied Custodia Bank's bid for a Federal Reserve master account, dismissing the digital asset bank's plea for a declaratory judgment. Custodia Bank claims it is reviewing the Court's decision and considering all options, including an appeal. The Federal Reserve master account allows banks direct access to the Federal Reserve's payment systems, which Custodia Bank argues is essential for its operations.
March 29, 2024
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