The Federal Reserve withdrew its 2023 guidance restricting uninsured banks' involvement in crypto business.

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ME News
12-18
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According to ME News, on December 18 (UTC+8), the Federal Reserve decided to rescind a guidance issued in 2023 that effectively prevented uninsured banks from becoming Fed members and participating in cryptocurrency-related businesses. This guidance was the basis for the Fed's rejection of Custodia Bank's master account application. (Source: ME)

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