The Federal Reserve has revoked the guidelines issued in 2022 stating that "banks must notify in advance if they are going to engage in crypto activities."
This change is expected to make it easier for banks to comply with regulations and is also aimed at fostering innovation, leading to smoother operations.
With this new policy, state-member banks will be able to operate under standard oversight without needing pre-approval for crypto activities. This will encourage greater participation in the crypto sector.
While some may view this change positively, some regulatory guidelines still remain in place.
On March 28, a devastating 7.7-magnitude earthquake struck central Myanmar, leaving widespread destruction. Thousands have lost their lives or suffered severe injuries, and many remain trapped under the debris.
THIS IS MY 🇲🇲MYANMAR COUNTRY. We need urgent help.
A powerful earthquake struck central Myanmar on March 28, 2025, with a magnitude of 7.7, causing widespread destruction. Reports indicate hundreds, possibly over 1,000, deaths, with significant damage in Myanmar and neighboring Thailand. The junta reported 144 deaths and 732 injuries, but the true toll may be higher due to limited communication and internet blackouts in some areas. The military’s response has been criticized as inadequate, with airstrikes reportedly continuing in conflict zones even during the disaster, complicating rescue efforts. Civilians and local groups are largely left to fend for themselves, as the junta has been accused of prioritizing its war efforts over humanitarian aid.
The death toll from the devastating 7.7-magnitude earthquake in Myanmar has soared past 1,644+, injuried 3,408+ and missing 139+ according to a state broadcaster.
Geologists say the quake unleashed energy equivalent to 334 atomic bombs — a staggering force that has left countless families shattered and communities in ruins.
As the true scale of the disaster continues to emerge, countless families are grappling with unimaginable loss and destruction.