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Fed Considers Specialized Payment Accounts for Crypto Firms

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The U.S. Federal Reserve is exploring the creation of specialized payment accounts for crypto firms. These accounts would grant easier access to the Fed’s payment system, easing a key hurdle for cryptocurrency businesses. Currently, crypto companies face difficulty securing master accounts. The new proposal could help them process transactions faster, cut settlement times, and reduce costs. The Fed will need to manage risks while supporting innovation in the crypto sector.
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