Remove Consumer Protection Remove Cross-Border Settlement Remove FDIC
article thumbnail

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

The Payments Association

now takes a step toward embracing crypto by fostering a holistic approach that balances innovation with consumer protection. At the same time, the Federal Deposit Insurance Corporation (FDIC) is reviewing updates to its guidelines that would allow banks to offer certain crypto-related services without prior regulatory approval.