Crypto Banks Are One Step Closer to Reality Under New Fed Guidance

After over a year, the Federal Reserve published final guidance detailing how it will assess reserve account applications from banks, ranging from federally supervised entities with deposit insurance to novel financial institutions with state charters. That’s right, folks, we’re talking about Wyoming’s Special Purpose Depository Institutions (SPDI).

Source: https://www.coindesk.com/policy/2022/08/23/crypto-banks-are-one-step-closer-to-reality-under-new-fed-guidance/?utm_medium=referral&utm_source=rss&utm_campaign=headlines