According to CoinWorld news, on April 26, The Federal Reserve announced three major policy adjustments on Thursday: 1️⃣ Immediately abolishing the regulatory letter that required banks to pre-report crypto business in 2022, and instead monitoring through regular regulatory processes 2️⃣ Cancelling the "no objection" approval process for the US dollar token business launched in 2023 3️⃣ Jointly with the FDIC and OCC, revoking two joint policy statements on crypto business from 2023. This marks a new phase in the regulation of crypto assets in the US banking industry: the regulatory framework is updated in sync with risk evolution, and innovations in the banking system receive policy support, with new crypto business guidelines expected in the future.
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According to CoinWorld news, on April 26, The Federal Reserve announced three major policy adjustments on Thursday: 1️⃣ Immediately abolishing the regulatory letter that required banks to pre-report crypto business in 2022, and instead monitoring through regular regulatory processes 2️⃣ Cancelling the "no objection" approval process for the US dollar token business launched in 2023 3️⃣ Jointly with the FDIC and OCC, revoking two joint policy statements on crypto business from 2023. This marks a new phase in the regulation of crypto assets in the US banking industry: the regulatory framework is updated in sync with risk evolution, and innovations in the banking system receive policy support, with new crypto business guidelines expected in the future.