Analysis: Federal Reserve Cancels Special Regulation Program for Cryptocurrency Businesses, US Media Says US Deregulation of Cryptocurrency Industry
2025-08-16 11:56:48
The Federal Reserve announced in a statement that it has stopped its "New Activity Supervision Program" established in 2023, which was part of the function of strengthening the supervision of cryptocurrency businesses in the banking industry. Analysts believe that this move also continues the recent trend of US regulators to relax supervision of the cryptocurrency industry. US media pointed out that in April this year, the Federal Reserve withdrew the guidance that banks need to obtain regulatory approval before launching new cryptocurrency businesses. Two other US federal banking regulators, the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation, have also taken the same measures, allowing banks to decide whether to conduct cryptocurrency business under existing risk management requirements.
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