Under the Fed’s Tiered System, Requests for Master Account Access by Cryptocurrency Companies Will Be Subject to the Strictest Scrutiny

On August 15, the Federal Reserve Board (Fed) issued final guidelines, outlining the tiered approach it will use when evaluating the growing requests from fintech firms and cryptocurrency companies for access to master accounts.

Filed under:
USA, Banking, Insolvency & Restructuring, Troutman Pepper, Fintech, Cryptocurrency, Federal Deposit Insurance Corporation (USA)
Authors:
Keith J. Barnett , Carlin A. McCrory , Ethan G. Ostroff , James W. Stevens
Location:
USA
Firm:
Troutman Pepper