US Federal Reserve Explores Limited Payment Account Framework for Fintech and Crypto Firms
US Federal Reserve Explores Limited Payment Account Framework for Fintech and Crypto Firms
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The US Federal Reserve has proposed a limited “skinny” payment account framework designed for fintech and crypto firms. Concurrently, the Fed has called for a temporary pause on Tier 3 applications, signaling a cautious approach to integrating these entities into traditional payment systems.
The US Federal Reserve proposed a limited “skinny” payment account framework for fintech and crypto firms and called for a temporary pause on Tier 3 applications.