Tag: oversee
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Federal Reserve Winds Down Crypto Oversight Unit, Sparking Debate on Regulatory Future
Federal Reserve Winds Down Crypto Oversight Unit, Sparking Debate on Regulatory Future Decision Signals Shift in Approach to Digital Assets, Raising Questions About Bank Involvement The Federal Reserve, the central banking system of the United States, has officially disbanded a specialized internal group tasked with monitoring novel activities, including banks’ engagement with cryptocurrencies. The Novel…
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The Fed’s Crypto Retreat: A Look Inside the Dismantling of a Key Oversight Unit
The Fed’s Crypto Retreat: A Look Inside the Dismantling of a Key Oversight Unit As the Novel Activities Supervision Program is disbanded, questions arise about the future of cryptocurrency regulation and the Federal Reserve’s approach. In a move that has sent ripples through the financial and cryptocurrency communities, the U.S. Federal Reserve has officially dissolved…
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Federal Reserve Dismantles Crypto Oversight Unit, Signaling Shift in Regulatory Approach
Federal Reserve Dismantles Crypto Oversight Unit, Signaling Shift in Regulatory Approach Reshuffling of Supervisory Functions Leaves Banks Navigating Uncharted Digital Asset Territory The Federal Reserve, the central banking system of the United States, has officially disbanded its Novel Activities Supervision Program (NASP), a unit established in 2023 with a mandate that included overseeing banks’ engagement…