The Federal Reserve has withdrawn guidance on cryptocurrency in banking, simplifying U.S. crypto banking regulations. This change removes barriers for banks offering crypto-asset services, enabling faster integration of Bitcoin into traditional financial systems.
With the elimination of prior approval requirements, banks can now innovate freely, potentially introducing products like Bitcoin checking accounts. Market reactions are positive, anticipating increased institutional involvement and alignment with evolving financial risks.
This regulatory shift mirrors past deregulations in the 1990s, which fostered the rapid evolution of internet banking and financial technology.
Full story here: https://coincu.com/334457-federal-reserve-withdraws-crypto-guidance
