New Program from FED for Cryptos
The Central Bank of the USA (FED) is launching a new program that could monitor in an efficient way, the banks’ moves that are related with crypto activities.
Under the new program, the regulatory authorities could control which banking institutions, that will end up in activities related with digital assets.
According to FED’s announcement, this move is not far away from the current policy regarding cryptos and it’s coming to complement it.
At this moment, FED has focused on auditing the banking transactions with stablecoins through crypto exchanges. The stablecoins seems to be a small door, through it some “illegal” capital could go in different directions, without being audited.
And, we haven’t seen any reaction yet for PayPal’s stablecoin….
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