Wyoming Crypto Bank’s Federal Reserve Application Denied
CHEYENNE, Wyo. (AP) — The Federal Reserve Board has denied a Wyoming cryptocurrency bank’s application for Federal Reserve System membership, officials announced Friday, dealing a setback to the crypto industry’s attempts to build acceptance in mainstream US banking. Many in crypto have been looking to Cheyenne-based Custodia Bank’s more than 2-year-old application as a bellwether … Read more