Binance News
--
Opinion: The Federal Reserve Withdraws Regulatory Guidance on Bank Crypto Assets, Accelerating Bitcoin Legitimization
According to ChainCatcher, the Federal Reserve has announced the withdrawal of regulatory guidance regarding banks' crypto asset and dollar token operations, and has updated the relevant business expectation standards. A contributor to Finance Feeds analyzes that this marks a broader legitimization of Bitcoin in the eyes of regulators. The Federal Reserve's move helps accelerate the vision of making Bitcoin as easily accessible and secure as traditional fiat currency in the financial environment. Bitcoin checking accounts, cryptocurrency-backed loans, and conversions between cryptocurrency and fiat currency may be incorporated into traditional banking operations more quickly.
Disclaimer: Includes third-party opinions. No financial advice. May include sponsored content. See T&Cs.