Federal Reserve Proposes New Payment Account Framework for Crypto Firms

The Federal Reserve has proposed a new framework that could allow certain crypto and fintech firms to gain direct access to the U.S. central bank’s payment infrastructure for clearing and settlement activities. The proposal, announced in a May 20 statement, introduces a new type of account, a “payment account,” designed for legally eligible institutions that […] Read The Full Article Federal Reserve Proposes New Payment Account Framework for Crypto Firms On Coin Edition.