WASHINGTON (Reuters) - A Republican senator is demanding answers from the Federal Reserve Bank of Kansas City after he says it revoked a sought-after master account that had previously been granted to ...

The U.S. central bank has been mulling the idea of a "skinny" version of master accounts for firms that want payments access without the deeper Fed demands.

The Federal Reserve is moving forward with an initiative to offer a more attainable version of its coveted master accounts for crypto banks—and is now asking for public comment on the plan. In October ...

(Reuters) -Crypto giant Ripple supports the idea of a "skinny" Federal Reserve payments account for non-banks, which could still be a game changer while addressing banks' concerns over financial ...

Custodia Bank, a crypto‑focused bank founded by Bitcoin advocate Caitlin Long, is doubling down on efforts to obtain a master account at the US Federal Reserve by filing a new petition in the United ...

This story was originally published on Banking Dive. To receive daily news and insights, subscribe to our free daily Banking Dive newsletter. In an interview with Reuters last week, crypto firm Ripple ...

Master accounts have become an area of increased focus at the Federal Reserve and around the banking industry. Whether an institution has access to the Federal Reserve's payment system will soon be a ...

This is the third in a series of articles on stablecoins. The first article was on reserves. The second on the singleness of money or par. Both these articles follow the logic of the regulation, ...

The Federal Reserve has prevailed in a lawsuit seeking to compel it to grant a master account, with a federal judge deciding that that access is discretionary and the Fed decides who gets it and who ...

The launch of the Fed’s instant payment FedNow system has raised the value of access to master accounts–which Kraken Bank, Custodia Bank and others haven’t been granted. In July, the Federal Reserve ...