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Fed Proposes 'Skinny' Accounts for Crypto Banks
Published 3 days, 4 hours ago
Description
The Federal Reserve is proposing skinny accounts for fintech and crypto-linked banks, offering limited access to payment systems without full safety nets. The Fed is seeking public feedback and has temporarily halted decisions on certain account access requests. This move reflects a cautious approach to integrating digital assets into the US financial infrastructure, aiming to balance risk management and system stability.
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