FinanceMagnates
The US Federal Reserve officially removed both supervisory guidelines yesterday (Thursday), which had discouraged American banks from engaging in activities involving cryptocurrencies and stablecoins. Specifically, the regulator rescinded two supervisory letters—one from 2022 and another from 2023.“These actions ensure the Board’s expectations remain aligned with evolving risks and further support innovation in the banking system,” the Fed stated in its latest announcement.No Advance Notification Is NeededState member banks are no longer required to notify the regulator in advance of planned or current crypto-asset activities…
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US Banks No Longer Have to Notify of Crypto Activities: Fed Withdraws Draconian Rules
Arnab Shome
09:33
The US Federal Reserve officially removed both supervisory guidelines yesterday (Thursday), which had discouraged American banks from engaging in activities involving cryptocurrencies and stablecoins. Specifically, the regulator rescinded two supervisory letters—one from 2022 and another from 2023.“These actions ensure the Board’s expectations remain aligned with evolving risks and further support innovation in the banking system,”
