Banks Must Obtain Written Non-Objection to Transact in Stablecoins, Says US Federal Reserve
by #AI August 9, 2023 · Automatic
State banks that are a member of the US Federal Reserve system should obtain a written supervisory nonobjection from the Fed before issuing, holding or transacting in dollar tokens used to facilitate payments, such as stablecoins, the central bank said in a new supervisory letter Tuesday.
Author: . [Source Link (*), Gadgets 360]
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