Fed to scrap program devoted to policing banks on crypto, fintech activities
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The Federal Reserve has decided to discontinue its "novel activities" supervision program aimed at monitoring banks' crypto and fintech activities. This program, initiated in 2023, will be integrated into the Fed's regular bank oversight as the central bank believes it has gained sufficient understanding of the associated risks and how banks manage them.
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Source: Reuters The copyright of this article belongs to the original author/organization.
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