Fed Especially with the FTX collapse in 2022, he adopted a harsh stance against crypto currencies. The new position supported by the Biden administration made things difficult for crypto currency companies and prevented US companies from entering the crypto business. Today, the expected announcement has come.
Fed and Crypto Coins
Fed just before the banks crypto- And FinTech has announced that it has removed the “new activities” audit program that it has created to supervise its activities. Instead, the work will be integrated into routine bank control.
Crypto currency The intimidation given to deterd their companies and companies planning to enter the crypto business has disappeared. Thus, companies that want to do crypto currency in the USA will do this without any negative discrimination, extra pressure. The official announcement for the program, which was initiated in 2023 and canceled today, writes the following;
“Since the start of the program to control certain crypto and fintech activities in banks, the Board has strengthened its knowledge about these activities, relevant risks and bank risk management practices. As a result, the Board reinstates this information and the audit of these activities into the standard audit process and cancels the audit letter dated 2023.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
