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US Fed Allows Non-FDIC Banks to Engage in Crypto Activities

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The US Federal Reserve has permitted non-FDIC insured banks to engage in crypto activities, aligning with broader efforts in EU Markets in Crypto-Assets Regulation. The updated guidelines stress safe operations and aim to boost financial innovation. Federal Reserve Vice Chair Michelle Bowman backs the change, while Governor Michael Barr warns of regulatory gaps. The shift may increase institutional exposure to BTC, ETH, and USDC, though market response is cautious. Countering the Financing of Terrorism remains a key concern in digital asset operations.
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