The Fed saves its administration letter from 2022 to call for notice in advance of the planned or ongoing crypto asset activity.
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The US Federal Reserve has announced that it will remove the guide for banks engaged in StableCoin -related activities.
“The board saves 2022 Supervisory Letter Establishment of an expectation that state member banks provide initial notice to planned or current asset-asset activities, “the board of federal reserve governors Explained In a statement of April 24th.
Any crypto -associated activities will now be monitored in the normal federal reserve administration process, it said.
The Federal Reserve also saves 2023 Supervisory Letter This has affected how state banks can engage in stablecoin activities.
This is a story development, and further information will be added as it is available.
