#SaylorBTCPurchase

According to Saylor of Strategy, banks are now permitted to endorse Bitcoin.

Strategy co-founder Michael Saylor admits that they are now free to begin supporting Bitcoin. 

On Thursday, the Federal Reserve declared that it has rescinded its guidance for banks concerning assets and token activities. Previously, banking institutions were required to inform the Fed if they planned to engage in this emerging asset class.

Latest from, cryptocurrency-related activities will be implemented just as regular banking activities without extra scrutiny. 

While regular banking regulations remain in effect, the route for banks to engage in cryptocurrency has become more straightforward.

 This is positive for those who wish to see major banks participate in the stablecoin sector, indicating that regulators are adapting rather than completely prohibiting the integration of crypto, according to Nansen CEO Alex Svanevik.