The Federal Reserve is also rescinding its 2023 supervisory letter that impacted how state banks could engage in stablecoin activities.
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Federal Reserve withdraws crypto-unfriendly banking guidance
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Federal Reserve besides rescinding its 2022 supervisory letter about advance notification of crypto-asset activities, is also rescinding its 2023 supervisory letter that impacted banks' involvement in stablecoin activities due to previously cited risks related to financial stability, consumer protection, and illicit finance
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