TechFlow news — On February 21, according to The Block, Michael Barr, Vice Chair of the Federal Reserve, responded to the controversy over de-banking in the cryptocurrency industry. Barr stated that the Federal Reserve will maintain a neutral stance and will not block banks from collaborating with the crypto sector.
He emphasized that the Fed has provided clear guidance and a regulatory framework enabling banks to participate in crypto-related activities within compliance boundaries, while neither mandating nor discouraging such involvement.
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