Home
News
Details

Federal Reserve Reverses 2023 Anti-Crypto Policy, Paves Way for Bank Innovation

iconAMBCrypto
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
The Federal Reserve has updated its regulatory policy on digital assets, replacing the 2023 restrictions with a new framework that supports crypto innovation. Effective 17 December, the policy allows banks to offer custody, tokenization, and stablecoin services under a 'same activity, same risks, same regulation' model. Insured and uninsured state banks can now apply for crypto-related activities, including those not yet available to national banks. The shift aligns with recent moves by the CFTC and OCC, reflecting broader support for blockchain in liquidity and crypto markets.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.