Federal Reserve Eases Restrictions, Paves Way for Crypto Activities in State-Chartered Banks

TLDR The Federal Reserve rescinded 2023 guidance that limited state member banks from engaging in certain crypto activities. The updated policy allows more flexibility for state-chartered banks to seek approval for novel activities beyond traditional limits. Insured state member banks remain subject to strict rules, while uninsured banks can apply for permission on a case-by-case [...]

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