The Federal Reserve will scrap plans to specifically regulate banks' cryptocurrency and fintech activities
2025-08-15 16:14:11
The Federal Reserve announced on Friday that it would scrap a so-called "novel activitie" regulatory program designed to specifically regulate banks' cryptocurrency and fintech activities, and instead bring such activities under its regular banking supervision. The Fed launched the new program in 2023 to focus on how banks interact with these emerging technologies. But the Fed said it no longer needs to do so because it has strengthened its understanding of these risks and how banks can manage them.
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