FED introduced the Novel Activities Supervision Program.
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.
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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.
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