TechFlow News, May 21: According to a Cointelegraph report, the U.S. Federal Reserve has proposed establishing a limited-payment-account framework, aiming to grant fintech companies and crypto-related banks that meet legal eligibility criteria narrower access to the payment system. It also recommends that each Federal Reserve Bank temporarily suspend decisions on Tier 3 account access applications until the rulemaking process concludes—expected no later than December 31, 2026. These accounts would be restricted solely to clearing and settlement purposes; they would bear no interest and would not provide central bank tools such as the discount window or intraday credit. Under the proposal, cryptocurrency exchanges would still be unable to obtain direct access to primary Federal Reserve accounts and would need to connect via eligible depository institutions affiliated with them, as stipulated under the Federal Reserve Act.
Risk Disclosure: This website's content is not investment advice and offers no trading guidance or related services. Per regulations from the PBOC and other authorities, users must be aware of virtual currency risks. Contact us / support@techflowpost.com ICP License: 琼ICP备2022009338号
