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Federal Reserve proposes limited master accounts long pursued by crypto firms
The U.S. Fed issued a revised proposal on the structure of payment accounts, taking the next step to build on an earlier pitch for so-called skinny accounts.
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cryptobriefing.com
Federal Reserve proposes new 'skinny' payment accounts with major restrictions for eligible institutions
The Federal Reserve seeks public comment on a new 'skinny master account' proposal with balance caps, no credit access, and a 90-day review process.
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Federal Reserve proposes skinny master accounts for fintech and crypto firms
The Federal Reserve proposed 'skinny master accounts' giving eligible fintech and crypto firms limited direct access to Fedwire and FedNow payment systems.
