Fed halts encryption regulation plan, banking sector's encryption business restrictions eased.

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[Chain News] On August 16, it was reported that the Fed announced that it has halted its "Novel Activity Supervision Program" established in 2023, which had some functions aimed at strengthening the regulation of banks' Crypto Assets business. Analysts believe that this move also continues the recent trend of U.S. regulatory agencies easing oversight of the Crypto Assets industry. U.S. media pointed out that in April this year, the Fed withdrew guidance requiring banks to obtain regulatory approval before engaging in new Crypto Assets businesses, and two other U.S. federal banking regulatory agencies – the Office of the Comptroller of the Currency and the Federal Deposit Insurance Corporation – took similar measures, allowing banks to decide for themselves whether to engage in Crypto Assets business under existing Risk Management requirements.

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degenwhisperervip
· 19h ago
The bull has returned to Wall Street.
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0xLostKeyvip
· 20h ago
Ah? The bull run is now confirmed~
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down_only_larryvip
· 20h ago
So easy, I can go all in.
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FlashLoanLordvip
· 20h ago
Finally, the day has come!
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