Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

Custodia Bank was denied a place in the Federal #Reserve System on Feb. 23. Paxos also received a #conditional national trust bank charter in 2021.

 Under a #conditional charter, an #organization cannot accept deposits.

Protego, based in #Washington state, was granted an 18-month #conditional charter in February 2021, and it was extended once

Institutional #cryptocurrency custodian Protego’s #conditional national trust banking charter has expired without it receiving permanent approval, according to a March 17 report in Fortune.

#conditional on the #US agreeing to send Abrams tanks, which it is not intending to do.