The Federal Reserve has announced that it will terminate a specific regulatory program targeting banks' cryptocurrency business.
BlockBeats News, August 16th, according to an official announcement, the Federal Reserve Board on Friday announced that it will terminate the "New Activities" supervisory plan and resume its supervision of banks' new business through regular supervisory processes.
Since the Board initiated the supervisory plan for bank-specific cryptocurrency and fintech businesses, the Federal Reserve has deepened its understanding of these businesses, associated risks, and bank risk management practices. Based on this, the Federal Reserve will reintegrate the relevant knowledge and supervision of these businesses into its standard supervisory processes and rescind the 2023 supervisory letter that established this plan.
You may also like
Gainers
Latest Crypto News
Altura, a blockchain-based yield platform, has completed a $4 million financing round with Ascension as the lead investor.
In November, the total trading volume of Kalshi and Polymarket approached nearly $10 billion.
Gleec has acquired Komodo's cross-chain DeFi business for $23.5 million
「Buddy」 Faces Another Margin Call of 400 ETH, Recharged $1 Million Last Week, Now Only $140,000 Left
PENDLE has been included in the Bloomberg Galaxy DeFi Index, and its Boros protocol has received recognition from Arthur Hayes.
Customer Support:@weikecs
Business Cooperation:@weikecs
Quant Trading & MM:bd@weex.com
VIP Services:support@weex.com