The US Federal Reserve rejected Custodia Bank's application to become a Federal Reserve System member, citing safety risks with the bank's crypto-focused model (Hannah Lang/Reuters)

Hannah Lang / Reuters:
The US Federal Reserve rejected Custodia Bank's application to become a Federal Reserve System member, citing safety risks with the bank's crypto-focused model  —  The U.S. Federal Reserve on Friday rejected crypto-focused Custodia Bank's application to become a member of the Federal Reserve System …

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