🏦 The US Federal Reserve has relaxed rules for banks regarding cryptocurrency operations
The Federal Reserve System of the United States has canceled the requirement that obliged banks to notify the regulator or obtain approval before starting operations with cryptocurrencies and stablecoins.
Now any activity related to crypto assets will be regulated through the standard supervisory process of the Federal Reserve.
🗣️ Michael Saylor (MicroStrategy) has already commented:
Now banks can freely support Bitcoin
This is a significant step towards normalizing relations between the traditional banking system and the crypto market. Ahead is a new wave of integration of BTC and stablecoins into classical finance.
