Federal Reserve Finalizes Guidelines for Access to Its Payment Systems

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The Federal Reserve mentioned Monday it might undertake a tiered strategy towards figuring out whether or not to grant monetary establishments entry to its cost techniques and signaled that cryptocurrency companies could be topic to a better stage of evaluate.

The Fed’s board in Washington issued closing tips Monday for its 12 regional branches to make use of when evaluating functions for so-called grasp accounts with the central financial institution. Such accounts permit monetary establishments—primarily banks—to maneuver trillions of {dollars} a day on the Fed’s cost techniques.

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