US Banks Gain Flexibility to Offer Bitcoin Services after Federal Reserve Eases Crypto Restrictions

The US Federal Reserve’s recent move to relax crypto restrictions for banks has triggered significant market shifts, empowering institutions to actively engage with the cryptocurrency industry. The change comes as a result of the Fed rescinding its 2022 supervisory letter that previously restricted banks from participating in crypto markets. This deregulation empowers banks to offer Bitcoin-related services, opening doors for a wider range of opportunities in the digital asset sector.