Traditional financial institutions could soon be allowed to offer Bitcoin (CRYPTO: BTC) and other crypto services in addition to regular banking functions.
What Happened: A new set of formal guidelines released by the Federal Reserve could see crypto banks and traditional banks performing similar functions, without having to classify itself as one or the other.
Under the guidelines, the U.S. central bank would let special purpose depository institutions (SPDI) like Wyoming-based Custodia and Kraken open “master accounts,” without the need for …
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