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The head of the Wyoming-based bank was taken aback when BNY Mellon was approved to provide crypto custody services; her bank’s master account application is still not processed.
Custodia Bank founder Caitlin Long had a strong reaction to the news that BNY Mellon has launched a digital custody platform for Ether (ETH) and Bitcoin (BTC) holdings. Speaking at DC FinTech Week on Oct. 11, she made a comparison between the Federal Reserve’s actions and policies.
BNY Mellon is the first large United States bank to offer the custody of digital assets and traditional investments on the same platform. The bank will store private keys and provide bookkeeping services. Custodia Bank, formerly known as Avanti, filed suit against the Federal Res
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