The Federal Reserve is finalizing guidelines for access to its payment systems


The Federal Reserve said Monday it would take a tiered approach to determining whether to grant financial institutions access to its payment systems and signaled that cryptocurrency companies would be subject to a level of scrutiny. higher examination.

The Fed’s board of directors in Washington on Monday issued final guidelines for its 12 regional branches to use when evaluating applications for so-called primary accounts with the central bank. Such accounts allow financial institutions – primarily banks – to move trillions of dollars a day through Fed payment systems.


Wj

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