Anchorage Digital says Fed’s proposed payment account is no ‘workable substitute’ for master account
The Block·
60-second summary
Anchorage Digital is stating that the Fed's proposed payment account is not a viable alternative to a master account, citing its limitations. The proposed account would provide access to the central bank for select crypto companies, but Anchorage believes it falls short. This stance may hinder the Fed's efforts to integrate crypto into traditional financial systems.
Anchorage Digital says the Fed's proposed payment account that would give some crypto companies access to the central bank doesn't work.