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Numisma Bank starts operations backed by SAP Fioneer Cloud for Banking

Fintech Review

Walldorf, Germany, November 7th, 2024, FinanceWire Backed by SAP Fioneer technology, Numisma Bank , a global currency distributor of U.S. Numisma is the first bank to receive a State of Connecticut Innovation Banking Charter, a Federal Reserve Master Account and FedCash Services.

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The Fed’s crypto pivot: Unlocking banking access and its impact on payments

The Payments Association

Banks and regulators will determine how this policy is applied, shaping future access to payments infrastructure for crypto firms. During the Biden Administration, the US Federal Reserve (the Fed) explored plans for Project Cedar, an early-stage framework for a potential central bank digital currency (CBDC). What comes next?

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President Trump issues Executive Order on digital assets

The Payments Association

Notably, US banking regulators (e.g., ’ against digital asset companies (see below, Other Key Developments in Crypto ) and the FRBs refusal to permit Custodia Bank to open a master account.