Tags: Custodia

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A regulatory filing shows the shuttered bank as one of three custodians for Pantera’s funds.

Regulators are leery of traditional banks offering services to crypto companies, and wary of specialist crypto banks, like Custodia, with new business models. Frances Coppola asks: Where do we go from here?

"Just because a crypto trading platform claims to be a qualified custodian doesn’t mean that it is," the SEC chair said.

Binance rebranded its custody arm to Ceffu earlier this month.

The Fed first rejected Custodia‘s bid last month.

The Federal Reserve and Kansas City Fed rejected Custodia‘s applications for membership and a master account last month.

As long as crypto platforms and lenders aren’t registered as exchanges or banks, they wouldn’t qualify as custodians in latest SEC limits proposed for registered investment advisers.

Federal banking regulators seem to have free rein over crypto‘s U.S. destiny – and they‘re using their power to push it out of banking.

Custodia Bank’s membership rejection by the Federal Reserve Board is more alarming for crypto banking than the recent troubles of Binance, Juno and Signature Bank combined.

The Wyoming-based bank’s application for a master account is still pending.

Hammond, chair of custody company Copper, said the U.K. is falling behind neighboring countries and needs to accept "measured risk."