Federal Reserve Reverses Debanking Policies, Banks May No Longer Need Approval to Engage in Crypto Projects

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ZyCrypto 21 hours ago 255

Bitcoin Retakes $57K As Hundreds Of US Banks Prepare To Offer Crypto Trading And Custody To Clients

The Federal Reserve has reversed its 2022 Supervisory Letter, which had required banks to give advance notice before engaging in any cryptocurrency activities. This follows many regulatory bodies in the United States, which are taking a different stance on crypto investment and freeing up capital to invest in crypto innovations. The Fed cited evolving changes in risk assessment and financial innovations, with banks at the forefront of these new developments, and...



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