Crypto Firms Looking for Access to Fed Payments System, Banks Object

Well, crypto firms are now looking to get access to the Federal Reserve (Fed) payment systems. However, traditional banks have raised serious objections to this proposal, reports WSJ.

Wyoming-based crypto bank – Avanti Bank – and crypto exchange Kraken are the first ones to demand access. These two players have been working on offering custodial services to institutional layers participating in digital assets. Read the complete article here.