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Strategy's Saylor claims that banks are now free to support Bitcoin Advertisement Strategy co-founder Michael Saylor claimsthat they are now free to begin supporting Bitcoin.
AdvertisementOn Thursday, the Federal Reserve announced that it had withdrawn guidance for banks related to assets and token activities.
Prior to this, banking institutions were supposed to notify the Fed if they intended to dabble in the nascent asset class.
HOT Stories Ripple’s Activity Spike Features 54,000,000 RLUSD, Here’s What Happened Saylor Reacts to Fed's Bitcoin U-Turn Ripple President: No IPO Yet Ethereum (ETH) Volume Explosion, Shiba Inu (SHIB) Skyrocketing Brutally Ended, Dogecoin (DOGE): Is $0.20 Still Possible?From now on, cryptocurrency-related activities will be treated just as regular banking activities without extra scrutiny.
Advertisement"Regular banking oversight still applies, but the path is clearer for banks to enter crypto. Good news if you want big banks in the stablecoin game, and a sign that regulators are adjusting rather than outright blocking crypto integration," Nansen CEO Alex Svanevik.