The US Federal Reserve announced the end of its crypto-focused “novel activities supervision program” on August 15. It said it will return to monitoring banks’ novel activities through its normal supervisory process.
Novel activities refer to crypto, distributed ledger technology and some fintech activities, including “complex, technology-driven partnerships” with non-banks. The programme was launched in August 2023.
“Since the Board started its program to supervise certain crypto and fintech
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com test test test