Custodia Bank Goes Live: Bridging Digital Assets With US Dollar Payments

Custodia Bank, the financial institution that aims to bridge digital assets with the U.S. dollar payment system, is now live. Last month, Custodia started serving external business customers in select U.S. states, offering U.S. dollar deposits and government money market fund services, with bitcoin custody pending launch. The launch comes after overcoming regulatory pressures and [...]

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US Fed steps up oversight of banks’ involvement with crypto firms

The United States Federal Reserve is broadening the scope of its supervision program which oversees U.S. banks that engage with the cryptocurrency and blockchain industry. An Aug. 8 announcement by the Federal Reserve Board established the Novel Activities Supervision Program which aims to limit certain crypto-related activities and facilitate a more fair playing field for [...]

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Federal Reserve Gives Consent Order to Silvergate Capital Corporation for Voluntary Self-Liquidation

The Federal Reserve Board announced a consent order against Silvergate Capital Corporation and its subsidiary Silvergate Bank on Thursday, providing the necessary regulatory supervision for the financial institution's voluntary self-liquidation. (Read More)

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