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🇺🇸 BREAKING: Federal Reserve Withdraws Crypto and Stablecoin Guidance for Banks
The Federal Reserve Board has officially rescinded its 2022 and 2023 guidance that required banking institutions to notify or obtain prior approval before engaging in crypto-asset or dollar token (stablecoin) activities.
This move reflects the Fed’s intention to adapt to the evolving financial landscape, aligning regulatory expectations with current market dynamics. It also signals a more innovation-friendly stance, potentially opening the door for increased institutional participation in the crypto sector.
The Federal Reserve Board has officially rescinded its 2022 and 2023 guidance that required banking institutions to notify or obtain prior approval before engaging in crypto-asset or dollar token (stablecoin) activities.
This move reflects the Fed’s intention to adapt to the evolving financial landscape, aligning regulatory expectations with current market dynamics. It also signals a more innovation-friendly stance, potentially opening the door for increased institutional participation in the crypto sector.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.
EGLD
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BTC
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