Federal Reserve Withdraws 2023 Guidance That Restricted Uninsured Banks’ Crypto Activities

TLDR: Federal Reserve withdraws 2023 guidance restricting crypto activities for uninsured state member banks. The 2025 policy enables innovative activities while ensuring bank safety and system stability. Uninsured banks need Board approval and strong controls to pursue crypto or digital assets. Updated guidance applies principles of “same activity, same risks, same regulation” for clarity. The [...]

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