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Federal Reserve to finalize guidelines on crypto access to master account

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.

Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.

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