The co-founder of the Michael Saylor strategy complaints That they are now free to start support Bitcoin.
Thursday, the Federal Reserve announced that it had withdrawn directives for banks related to the assets and activities of token.
Before that, banking institutions were supposed to inform the Fed if they intended to place themselves in the emerging asset class.
From now on, cryptocurrency related activities will be processed as are regular banking activities without additional examination.
“Regular banking surveillance always applies, but the path is clearer for banks to enter crypto. Good news if you want big banks in the stablecoin game, and a sign that regulators adapt rather than blocking the integration of cryptography,” said Nansen CEO Alex Svanevik.
