The Federal Reserve is proposing a fast-track approval process for payment accounts aimed at innovation-focused banks, including those in the crypto sector, to access payment rails without full master account privileges. This initiative, open for 45 days of public comment, balances innovation with financial stability by limiting features like interest generation and credit access. Fed’s […]
Source: https://en.coinotag.com/fed-seeks-public-comment-on-limited-payment-accounts-for-crypto-banks
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