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FED Releases Crypto Banking Guidelines | Institutional Regulation Coming Soon?

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Up until now, American financial institutions that wanted to conduct both crypto transactions and traditional banking services have had to pick a lane. That may soon change. The Federal Reserve released formal guidelines this afternoon to oversee the process by which “institutions offering new types of financial products or with novel charters” could be granted so-called “master accounts,” a key financial status that allows for direct payments with, and access to, the Fed. All federally-chartered banks possess a master account. On this episode, we’ll explain what this all means for crypto adoption as well as dive into recent crypto exchange chaos that continues to ravage sentiment on centralized crypto custody exchanges.

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~FED Releases Crypto Banking Guidelines | Institutional Regulation Coming Soon?~
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