FED introduced the Novel Activities Supervision Program.
posted 9 Aug 2023
The purpose of this program is to impose restrictions on certain cryptocurrency-related activities and create a more level playing field for banks involved in serving the digital asset industry.
It which aims to ensure consistency in crypto-related regulations for all banks under Federal Reserve supervision.
The activities that fall under the purview include custody, lending, trading, issuance, and distribution of crypto, including stablecoins.
It which aims to ensure consistency in crypto-related regulations for all banks under Federal Reserve supervision.
The activities that fall under the purview include custody, lending, trading, issuance, and distribution of crypto, including stablecoins.
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