US Banks No Longer Need Fed Approval to Enter Crypto Space

Quick Summary:

The US Federal Reserve has officially dropped its long-standing guidance that required banks to jump through hoops before offering crypto-related services.

Gone are the days when state-chartered banks had to alert the Fed in advance or wait for written approvals to deal in stablecoins or digital assets.

Banks still need to manage risk, especially around cybersecurity, consumer protection, and liquidity.

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Article Details

Author / Journalist: Zayan

Category: Crypto

Markets: United Arab EmiratesAustraliaUnited States

Topics: Market News Bank Federal Reserve Market Updates

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-04-25 @ 07:39:41 (19 hours ago)

News Timezone: GMT +0:00

News Source URL: thenewscrypto.com

Language: English

Article Length: 374 words

Reading Time: 3 minutes read

Sentences: 29 lines

Sentence Length: 13 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TheNewsCrypto

News ID: 28206263

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About TheNewsCrypto

Main Topics: Crypto

Official Website: thenewscrypto.com

Update Frequency: 33 posts per day

Year Established: 2020

Headquarters: United Arab Emirates

News Last Updated: 13 hours ago

Coverage Areas: United Arab Emirates

Publication Timezone: GMT +0:00

Content Availability: Worldwide

News Language: English

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API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #125

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