NEWS: US Fed eases crypto oversight, withdraws guidance on banking risks
By PAUL O’DONOGHUE, Senior Correspondent
THE U.S. Federal Reserve has withdrawn guidance that had discouraged banks from engaging in crypto and stablecoin activities.
In a statement, the Fed said it rescinded a 2022 letter that told state member banks to notify supervisors before starting any crypto activity. It also withdrew a 2023 letter that restricted how banks could handle stablecoins.
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