Iraq Bulletin

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US banks gain flexibility to participate in crypto markets

iraqbulletin.co
The United States Federal Reserve Board has announced the withdrawal of previous guidance that restricted banks from participating in cryptocurrency-related activities without prior approval. The move, made official on Thursday, signals a shift towards a more flexible regulatory environment, aligning...
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Powell signals willingness to review crypto debanking in Senate hearing

iraqbulletin.co
Federal Reserve Chair Jerome Powell stated on Tuesday that regulatory policies surrounding banking access should be reassessed, following concerns that the crypto industry is being unfairly excluded from financial services. Powell made the remarks during a Senate Banking Committee hearing,...