🇺🇸 The Federal Reserve has eased restrictions: banks will no longer be penalized for "reputational risks" when providing services to crypto companies!
For years, "reputational risks" have been used as a covert justification to restrict cryptocurrency's access to the U.S. banking system.
Now, this barrier has officially been removed from supervisory guidance.
🏛️ The change focuses on objective risks: liquidity, compliance, and the ability to meet obligations.
This means that if everything is in order, there will be no reason to exclude cryptocurrency players based on subjective criteria.
This ensures greater legal certainty for banks wishing to work with exchanges, stablecoin issuers, and Web3 companies.
Another step towards institutionalizing the sector!
Comment below what you think about this decision 👇
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