#FederalReserve

🇺🇸Fed changes approach to banking supervision of cryptocurrencies and fintech

The US Federal Reserve announced the end of its special program to monitor new types of bank activities, including cryptocurrency transactions and financial technologies.

From now on, control will return to standard supervision procedures, without a separate “enhanced” format for innovative areas.

This may signal:

• A decrease in regulatory pressure on banks working with the crypto industry.

• A stabilization of the Fed's position on digital assets.

• Possible easier access for fintech companies to banking infrastructure.