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Federal Reserve withdraws crypto guidance for banks

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The US Federal Reserve has announced it would withdraw guidance for banks engaging in crypto asset and stablecoin-related activities.

”The Board is rescinding its 2022 supervisory letter establishing an expectation that state member banks provide advance notification of planned or current crypto-asset activities,” the Board of Governors of the Federal Reserve explained in an April 24 statement.

Any crypto-related activities will now be monitored through the Federal Reserve’s normal supervisory process, it said.

The Federal Reserve is also rescinding its 2023 supervisory letter that impacted how state banks could engage in stablecoin activities.

This is a developing story, and further information will be added as it becomes available.

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Bitcoin ETFs bleed $635M as October slides back into the red

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Thursday’s withdrawals ended a three-day inflow streak and left US spot Bitcoin ETFs with $175 million in net outflows for October.

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Malaysia, Thailand join Singapore’s cross-border stablecoin push

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BLOOM seeks to cut costs by helping financial institutions coordinate cross-border use of stablecoins and tokenized deposits.

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Bitcoin Core changes security policy as AI makes bugs easier to find

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Bitcoin Core says keeping certain vulnerabilities secret no longer offers much protection in the wake of AI-assisted bug hunting.

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