The US Federal Reserve #FRS has announced that it will lift requirements that exempt banks from working with digital assets.

According to the statement, the regulator will no longer require financial institutions to report plans or current operations with cryptocurrencies.

Any actions related to digital assets will be monitored as part of the Fed's regular supervisory process.

This applies to the decision and the guidance introduced in 2023 regarding stablecoins. The document states that such assets are associated with risks affecting the country's financial stability.