Federal Reserve Eliminates Specific Program to Police Crypto and Fintech Initiative
Stated that the “novel activities” oversight program is not needed
- |
- Written by Banking Exchange staff
The Federal Reserve announced it would shut down a new program that had just started two years ago, focused on watching how banks interact with emerging fintech and crypto-based technologies.
The central bank stated that the “novel activities” oversight program is not needed because the Federal Reserve understands the risks and how banks need to manage them, and will be central to its oversight anyway.
Tagged under Compliance; Tokenization; Risk Management; Blockchain; Bitcoin; Cryptocurrency; Digital; Duties; Feature; Feature3; Compliance/Regulatory;
Related items
- Tokenized Deposit Networks: A Practical Guide for the Banking C-Suite in 2026
- U.S. Bank Completes First Live USBDC Stablecoin Transaction
- Robinhood Targets Bigger Role in IPO Underwriting
- JPMorgan Cuts Lending to AI-Focused Hedge Fund After Losses
- Social Engineering Is Changing the Fraud Prevention Game for Banks and Credit Unions
