US Federal Reserve Board Issues Policy Statement That Limits Banks’ Crypto Related Activities
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The United States Federal Reserve Board said on Jan. 27 that both insured and uninsured banks will be subjected to limits on certain activities including those that are associated with crypto assets. The board’s latest action does not preclude a state member bank or prospective applicant from providing crypto-assets safekeeping services. Limiting Regulatory Arbitrage The United States Federal Reserve Board has issued a new policy statement which says that both insured and uninsured banks under its supervision will be subjected to the “same limitations on activities, including novel banking activities, such as crypto-asset-related activities.” The statement also clarifies that the
The Federal Reserve of the United States has officially announced a key development for the crypto landscape. As per the latest reports, the U.S. Federal Reserve is easing the regulations concerning crypto assets as well as the dollar-pegged digital tokens. This development takes place while the banking entities in the…
U.S. regulators like the Federal Reserve, the Federal Deposit Insurance Corporation, and the Office of the Comptroller of the Currency have established a joint statement warning banks all over the world about the alleged risks and problems that come with crypto trading. The Federal Reserve Feels Crypto Is Problematic These…