Federal Reserve proposes limited master accounts long pursued by crypto firms
CoinDesk·
60-second summary
The U.S. Federal Reserve is proposing limited master accounts, a long-sought goal for crypto firms, by issuing a revised proposal on the structure of payment accounts. The revised pitch builds on an earlier skinny accounts idea, aiming to provide a more streamlined solution for financial institutions. This move could facilitate greater crypto adoption and mainstream integration.
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.