The Federal Reserve has decided to drop its dedicated cryptocurrency oversight program, integrating these duties into regular banking supervision.
Raluca Ioana Draghici
International
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The 'novel activities supervision' program, launched in 2023 to oversee banks' activities in cryptocurrencies and fintech, will be abolished. The Fed has announced that it no longer deems the program necessary as it has improved its ability to manage the risks associated with new financial technologies. These duties will now be incorporated into the standard bank supervision process.
Sources
Rezerva Federală a Statelor Unite renunţă la programul special de supraveghere a băncilor privind activităţile crypto şi fintech
Rezerva Federală a SUA renunţă la programul special de supraveghere a băncilor privind activităţile crypto şi fintech
Rezerva Federală a Statelor Unite renunţă la programul special de supraveghere a băncilor privind activităţile crypto şi fintech
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