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Fed's Bowman views Kraken approval as 'pilot program'
• Key Insight: Fed Vice Chair for Supervision Michelle Bowman said that Kraken's limited purpose account is a test case to see how it performs.
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Banking associations push back on Kraken Fed account as stablecoin issuers wait - Ledger Insights - blockchain for enterprise
The Federal Reserve Bank of Kansas City’s approval of a limited purpose account for Kraken Financial drew swift and pointed responses from US banking associations, who raised concerns about process, consistency and risk. But the approval may matter less for crypto exchanges than for what comes next: a cohort of stablecoin issuers that have applied […] The post Banking associations push back on Kraken Fed account as stablecoin issuers wait appear…
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Cryptocurrency News | Cryptocurrency Prices | Market CapFed's Bowman views Kraken approval as 'pilot program'
Federal Reserve Vice Chair for Supervision Michelle Bowman played down the significance of Kraken Financial receiving a master account, saying the central bank is treating it as a pilot program.
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