Federal Reserve Issues Guidance On Novel Activities, Including Bank-Fintech Partnerships - Fin Tech
On August 8, 2023, the Board of Governors of the Federal Reserve System issued two Supervision and Regulation Letters that provide guidance on the agency's supervision of novel activities and the process that state member banks should follow to engage in certain stablecoin/Dollar Token activities.
Federal Reserve Office Of The Comptroller Novel Activities Supervision Program Creation Of Novel Activities Supervision Program Regulation Letters Dollar Token
Source: mondaq.com