Federal court ends Custodia Bank's legal bid for a master account
One judge sided with Custodia Bank, stating that a master account is “indispensable” for a bank’s day-to-day operations, and being denied one is “akin to a death sentence.”
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One judge sided with Custodia Bank, stating that a master account is “indispensable” for a bank’s day-to-day operations, and being denied one is “akin to a death sentence.”
Just days after the Federal Reserve granted a limited master account to Kraken, crypto bank Custodia's years-long court battle with the Fed concludes in a loss.
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