The Federal Reserve has decided to eliminate “reputation risk” from its oversight policy, a move that critics argue previously led to debanking and limited banking access for Bitcoin and cryptocurrency firms. This change comes amid recent regulatory discussions that pointed out how such guidelines were used by banks to restrict services to crypto-related businesses, highlighting the need for reform. Crypto advocates have welcomed the Fed’s action as a crucial step towards ensuring fairer banking access and facilitating the integration of digital assets into traditional financial systems.
Federal Reserve drops ‘reputation risk’ policy aiding Bitcoin access
