The approval gives Kraken the ability to bridge the gap between traditional banking and cryptocurrency US cryptocurrency exchange Kraken has become the first crypto company to gain a Federal Reserve master account through its banking unit, Kraken Financial. The account, approved by the Federal Reserve Bank of Kansas City, provides the exchange with direct access
The amendment would prevent the Federal Reserve from creating a CBDC A new amendment to the Federal Reserve Act seeks to block the Federal Reserve from issuing a central bank digital currency (CBDC) until 2030. The language appears near the end of the 300-page “21st Century ROAD to Housing Act” (HR 6644), released by the
The update reflects a recalibration as digital assets move closer to the financial mainstream The US Federal Reserve has taken a notable step toward easing its stance on digital assets by withdrawing guidance issued in 2023 that restricted how Fed-supervised banks could work with cryptocurrency. The change affects both insured and uninsured banks and signals
The bank has yet to conform to previous orders the Fed gave it to improve its operations The US Federal Reserve has issued a cease-and-desist order to the crypto-friendly United Texas Bank, citing issues with the bank’s risk management systems, particularly in relation to its crypto clients. This order from yesterday follows a May examination
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