The U.S. Federal Reserve said on August 15 that it plans to publish guidelines for crypto firms to access Fed master accounts and payment services.
A master account allows financial institutions to be part of the global payments system without intermediary banks.
Curious to hear what @GeorgeSelgin, @manmohanDCsingh, and @DavidBeckworth think of this new Tiered framework for granting a Fed Master Account.
Custodia sues Fed for delayed responseWyoming-based crypto firm Custodia had sued the Federal Reserve over its delayed response on its master account application in June.
Kraken had also requested access to the Fed master account.
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