Fed lifts supervisory requirements for crypto investments
Easing of regulations for banks is latest example of US’s increasingly pro-crypto stance
The US Federal Reserve has withdrawn directives telling banks to seek approval from regulators before engaging in crypto activities, in alignment with president Donald Trump’s crypto-friendly policies.
The Fed announced on April 24 that it had rescinded letters from August 2022 and August 2023, which directed banks to provide notice of planned crypto activities and obtain written permission from supervisors before engaging in them.
The Fed, together with the Federal Deposit Insurance Corporation
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Fintech
NY Fed and BIS explore monetary policy in a tokenised world
Project Pine’s smart contracts are designed so central banks can adapt them to their currencies and frameworks
RBI reviews closed-system wallets after Blu-Smart’s demise
Users of electric cab company, which halted operations in April, were unable to access funds
Project Agorá ‘faces fragmentation challenges’
Conference hears how netting and liquidity-saving mechanisms are often at odds with T+0 settlement
BIS, SNB and World Bank advance promissory note tokenisation
Six other central banks tested the blockchain technology
SEC officials issue conflicting statements on stablecoins
Commissioner slams statement for understating risks
Fintech Benchmarks 2025 – model banks analysis
Data breakdown reveals differences in CBDC research, AI use and adoption of the cloud
CBSL head calls for proactive approach to tackle deepfakes
Governor tells Central Banking of institution’s response when his own image was used by scammers
Working group minutes: facing up to CBDC adoption challenges
Participants at Cape Town meeting saw drawbacks to digital currency versus other payment methods