Crypto Payroll and Banking: What Do the New Regulations Mean for Startups?
The world of crypto is always changing, and this time is no different. The recent changes in regulatory attitudes towards cryptocurrency indicate a new chapter for both financial institutions and startups. Just recently, on April 24, 2025, the US Federal Reserve, OCC, and FDIC made a big announcement. They rescinded the restrictions that required banks to go through a lengthy approval process to engage in crypto-asset and dollar token activities. This is a major policy change that will allow banks to engage in crypto without all the red tape, as long as they manage the risks properly.
The Regulatory Shift
This recent change in regulations reflects a growing acceptance of cryptocurrencies. Previously, banks needed to seek approval for…
