“The US Federal Reserve (Fed) has announced the cancellation of recommendations that restrained banks from working with digital assets. According to the statement, the regulator will cease to require a preliminary notification from financial institutions about plans or current transactions with cryptocurrencies. Any digital asset-related actions will be monitored as part of a normal Fed supervisory process. This decision also applies to the leadership related to steiblcoins in 2023. First in the document […]”, – WRITE: Businessua.com.ua
The US Federal Reserve (Fed) has announced the cancellation of recommendations that restrained banks from working with digital assets.
According to the statement, the regulator will cease Require a preliminary notification from financial institutions about plans or current transactions with cryptocurrencies.
Any digital asset-related actions will be monitored as part of a normal Fed supervisory process.
This decision also applies to the leadership related to steiblcoins in 2023. Initially, the document stated that such assets are related to risks that affect the country’s financial stability.
Fed, FDIC and OCC They also abandoned the two 2023 recommendations, which were warned of fraud related to digital assets. Reclusive joint statements stated that the unclear data of crypto companies or misleading could be detrimental to both private and institutional investors.
Recall that in January 2025, the US Securities and Exchange Commission opened banks with the possibility of storing digital assets.
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