Fed Proposes 'Skinny' Accounts for Crypto Banks
Update: 2025-12-19
Description
Federal Reserve Proposes Skinny Master Accounts for Crypto Banks: Balancing Innovation and SafetyThe Federal Reserve is introducing a new type of master account, called a payment account, for innovative banks, particularly those focused on crypto. This move aims to facilitate faster connections to the Feds payment network and enable nationwide operations for crypto banks. The proposal, which allows for public feedback, includes limitations such as no interest earnings or access to Fed credit, and likely account balance limits. The initiative reflects the Feds adaptation to new payment methods while maintaining financial system security and stability.
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