Circle’s Fed payment rail goal could be crushed by NY Fed’s policy change
Updated rules by the New York Fed could deem stablecoin issuer Circle “ineligible” for access to the Fed’s money market. Go to Source Powered by WPeMatico
bank of new york
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Oldest US Bank BNY Mellon Sets Up Crypto Unit to Offer Bitcoin Services
The Bank of New York Mellon, BNY Mellon, has set up a digital asset unit. The oldest bank in the U.S. plans to “hold, transfer, and issue” bitcoin and other cryptocurrencies on behalf of its clients. The bank aims to eventually treat cryptocurrencies like any other assets. BNY Mellon Gets Into Crypto The oldest bank … Read more
