Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

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Fed Starts New Program to Oversee Crypto Activity in U.S. Banks

The move announced Tuesday doesn’t change any rules for crypto banking, just defines how the central bank intends to handle its oversight, putting dealings with the crypto sector under the new “novel activities supervision program” in which the Fed’s specialized experts in digital assets will work alongside the regulator’s regular supervisors. www.coindesk.com

The move announced Tuesday doesn’t change any rules for crypto banking, just defines how the central bank intends to handle its oversight, putting dealings with the crypto sector under the new “novel activities supervision program” in which the Fed’s specialized experts in digital assets will work alongside the regulator’s regular supervisors.

www.coindesk.com