US EditionMSTR's Michael Saylor Says Banks Are 'Free' To Support Bitcoin As Federal Reserve Withdraws Crypto Guidance - Strategy (NASDAQ:MSTR)
- The Federal Reserve rescinded its guidance for banks on cryptocurrency activities Thursday.
- Previous guidance required banks to notify regulators before engaging in crypto ventures.
- This action aligns the Fed with the FDIC and OCC who also withdrew similar policies.
- Officials aim to align expectations with evolving risks and promote banking innovation.
- The agency will now monitor crypto activities through the standard supervisory process.
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59 Articles
Washington Times
The New York LedgerThe great regulatory rollback: How Republicans are erasing Biden's legacy
Congressional Republicans are systematically dismantling Biden-era regulations on climate change and cryptocurrency, utilizing legislative tools to undo what they characterize as overreaching environmental and financial policies.
MSTR's Michael Saylor Says Banks Are 'Free' To Support Bitcoin As Federal Reserve Withdraws Crypto Guidance - Strategy (NASDAQ:MSTR)
The Federal Reserve revoked its guidance for banks that required them to inform the regulator before engaging in any cryptocurrency-related activity on Thursday.
Bitcoin Extends Gains As Fed Pulls Biden-Era Guidance On Bank's Crypto Dealings
Bitcoin Extends Gains As Fed Pulls Biden-Era Guidance On Bank's Crypto Dealings The Federal Reserve Board on Thursday announced the withdrawal of guidance for banks related to their crypto-asset and dollar token activities and related changes to its expectations for these activities. These actions ensure the Board's expectations remain aligned with evolving risks and further support innovation in the banking system. Bitcoin prices extended gains…
Fed Joins OCC, FDIC in Withdrawing Crypto Warnings for U.S. Banks
The Federal Reserve has joined its fellow U.S. banking regulators in deleting its crypto guidance of previous years, including notices that banks should get pre-approvals before they get involved in crypto activity.Now, all three agencies — including the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corp. — have joined in reversing those previous policies, leaving crypto matters at banks in the hands of their manage…
Fed Removes Key Banking Barrier—Details
The post Fed Removes Key Banking Barrier—Details appeared on BitcoinEthereumNews.com. Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The US Federal Reserve said on April 24 that it has lifted requirements that banks provide advance notice before getting involved in cryptocurrency businesses. This is a full about-face from the cautious policy regulators had taken previously with digital assets.…
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