The Federal Reserve Board requested public comment on a so-called "payment account" that financial institutions would use solely for clearing and settling their payments, the central bank said on ...

The Federal Reserve can lawfully turn away crypto banks seeking access to its payment system, a federal appeals court ruled Friday, siding with the central bank’s discretion to protect the financial ...

The government and the crypto firms are moving closer towards banking regulations. The U.S. Federal Reserve is moving forward with a proposal to create a streamlined version of its master accounts.

Industry watchers welcomed the idea of “skinny” master accounts as another sign of the end of crypto’s banking troubles, which insiders described as “Operation Chokepoint 2.0.” The US Federal Reserve ...

The Federal Reserve (Fed) has unveiled plans to grant stablecoin issuers and fintech companies direct access to its payment infrastructure without requiring partnerships with traditional banks. The ...

This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. In recent years, rapid developments in the payments industry have led to ...

When I worked at the Federal Reserve, we used to joke that our job was to protect the status quo. The Fed’s mandate has long included financial stability, certainly not financial disruption. But Fed ...