Fed Opens 60-Day Comment on Revised Limited Master Accounts for Crypto Firms
The Federal Reserve has proposed a revised framework for limited master accounts and opened a 60-day comment period, a step that could give crypto firms access to the Fed's payment rails without full master account status. The approach could let eligible crypto firms clear and settle payments through the Fed's payments system rather than through a traditional bank.
From the sources (15 posts)
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@eleanorterrett🚨JUST IN: The @federalreserve has issued a request for comment and notices of proposed rulemaking for payment accounts, also known as the “skinny master accounts” that would allow eligible fintech and crypto firms to gain access to the Fed’
@tftc21The Federal Reserve issued a proposed rulemaking on "skinny master accounts" that would allow eligible fintech and crypto firms to access the Fed's payment system directly for clearing and settlement without going through a traditional bank
@cointelegraph🇺🇸 JUST IN: The Fed has issued a request for comment on a proposed rulemaking for "skinny master accounts" that could allow eligible fintech and crypto firms access to its payments system.
@wublockchainFed Proposes “Skinny Master Accounts” for Crypto and Fintech Firms According to crypto journalist Eleanor Terrett, the Federal Reserve has proposed a “skinny master account” framework that could allow eligible crypto and fintech firms to a
@coindeskLATEST: The Federal Reserve proposes a revised framework for limited master accounts, opening a 60-day comment period. A move that could give crypto firms access to Fed payment rails without full master account status.
@foundora_newsJUST IN: The Federal Reserve proposes a revised framework for limited master accounts. @Foundora_News