- Buy Crypto
- Markets
- Futures
- Spot
- Copy Trade
WE-Launch
The Federal Reserve Seeks Feedback on Proposal to Establish Limited "FedNow Accounts" for Certain Financial Institutions
BlockBeats News, December 19th, the Federal Reserve announced on Friday that it is seeking feedback on establishing limited "payment accounts" for certain financial institutions. These accounts would allow the institutions to use the Fed's payment services for clearing and settling transactions but would not have the broader access to facilities that banks currently enjoy. Federal Reserve Governor Waller stated that such accounts could "support innovation" while safeguarding the security of the payment system. If established, these accounts would be distinct from the Fed's master accounts, would not earn interest, and would not have access to the Fed's credit services. These accounts would also be subject to balance limits. Waller first proposed the idea of establishing such accounts in October of last year, as the Fed was seeking a balance to enable wider use of its payment services by fintech companies and other institutions without granting full master account access to less-regulated entities. (Jinse Finance)
You may also like
Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason
Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts
4 Years of Web3 Entrepreneurship: 7 Key Takeaways
$50 to $1 Million: How to Survive in the Meme Battlefield with 'Wallet Tracking'
The Eve of a Federal Pivot: Evaluating the Looming Change in the U.S. Central Bank
Key Takeaways Investors are gearing up for potential changes in Federal Reserve policy, with concerns about independence and…
Announcement: The Fed to Release Minutes of its Monetary Policy Meeting Soon
Key Takeaways The Federal Reserve is anticipated to disclose the minutes from its latest monetary policy meeting, offering…
The Fed’s Monetary Policy Minutes and the Crypto Trading Insights
Key Takeaways The Federal Reserve is set to disclose the minutes from its recent monetary policy meeting, highlighting…
MMA Completes $3 Million Private Sale to Develop Web3 Platform with Trump Jr.’s Investment
Key Takeaways MMA’s Strategic Funding Move: U.S. mixed martial arts firm MMA has successfully secured $3 million through…
The Eve of a Fed Pivot: Wall Street Girds for Rate Battle Without 'Powell'
After 500 Rejections, I Started Building a Product People Actually Use
Breaker Game Over Line: Why Are Young People Turning to Long-Termism?
State of Crypto: Year in Review
Key Takeaways: 2025 marked a significant year for crypto policy in the U.S., with historic legislation and regulatory…
Coinbase CEO Declares Opposition to Reopening the GENIUS Act: A Clash with Bank Lobbying
Key Takeaways: Coinbase CEO Brian Armstrong criticizes banks for lobbying to reopen the GENIUS Act, seeing it as…
Fed’s ‘Skinny’ Accounts Aim to End Operation Chokepoint 2.0 — Insights from Senator Lummis
Key Takeaways: The Federal Reserve’s proposal to offer “skinny” master accounts to crypto companies is seen as a…
Trust Wallet Users Experience $7 Million Loss Due to Hacked Chrome Extension
Key Takeaways Trust Wallet faced a significant security breach affecting its Chrome extension, resulting in over $7 million…
Ubisoft halts Rainbow Six Siege after hackers give each player $13.3M credits
Key Takeaways A massive security breach in Rainbow Six Siege granted each player $13.3 million worth of in-game…
Mirae Asset’s Potential Acquisition of Korbit: A $100 Million Venture into Korea’s Crypto Market
Key Takeaways Mirae Asset Group is exploring the acquisition of the South Korean cryptocurrency exchange Korbit, in a…
Trust Wallet to Compensate $7M Loss from Christmas Day Hack
Key Takeaways Trust Wallet users suffered a loss of $7 million on Christmas Day due to a planned…
Long-standing domestic public blockchain NEO sees feud between two co-founders, with opaque finances as the core reason
Fed's Latest Meeting Minutes: Divergence Persists, But "Most" Officials Advocate Continued Rate Cuts
4 Years of Web3 Entrepreneurship: 7 Key Takeaways
$50 to $1 Million: How to Survive in the Meme Battlefield with 'Wallet Tracking'
The Eve of a Federal Pivot: Evaluating the Looming Change in the U.S. Central Bank
Key Takeaways Investors are gearing up for potential changes in Federal Reserve policy, with concerns about independence and…
Announcement: The Fed to Release Minutes of its Monetary Policy Meeting Soon
Key Takeaways The Federal Reserve is anticipated to disclose the minutes from its latest monetary policy meeting, offering…
Popular coins
Latest Crypto News
Customer Support：@weikecs
Business Cooperation：@weikecs
Quant Trading & MM：[email protected]
VIP Services：[email protected]
App