United States of America: US Federal Reserve guidance for banks considering crypto activities
Progress
Current status
adopted
16 Aug 2022 adopted
Scope
Implementers
United States of America
Policy Area
Other operating conditions
Policy Instrument
Authorisation of goods or services
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central bank
Implementation Level
national
Timeline of events
Issued guidance on crypto activities for banks
On 16 August 2022, the US Federal Reserve issued Guidance for banks under its supervision which are considering crypto activities. The guidance outlines the steps to be taken by supervised banking organisations before engaging in any crypto-asset-re…
Event type
outline
Action type
adoption
Government branch
executive
Government body
central bank