The Federal Reserve has revoked its 2022 directive requiring banks to notify them before engaging in crypto activities. This change aims to ease regulatory compliance and foster banking innovation, allowing for more streamlined operations.
With this new policy, state member banks will be supervised more traditionally without pre-approval for crypto operations, encouraging increased involvement in the crypto space.
Reactions to the change have been generally optimistic, yet concerns about lingering regulatory guidance remain, affecting the overall landscape of banking and cryptocurrency initiatives.
Full story here: https://coincu.com/334172-fed-revokes-crypto-notification
