The Fed’s withdrawal of crypto-related banking guidance may accelerate traditional banks’ inclusion of BTC checking accounts, crypto loans and other businesses

The Federal Reserve has announced the withdrawal of regulatory guidance for banks' crypto assets and US dollar token businesses, and simultaneously updated relevant business expectation standards. Analysts believe that this move by the Federal Reserve marks that Bitcoin has gained wider legalization in the eyes of regulators, beyond simple banking policies, and will help the Federal Reserve accelerate the realization of its vision of a financial environment where Bitcoin is as easily accessible and secure as traditional legal currencies. This may mean that Bitcoin checking accounts, cryptocurrency-backed loans, and cryptocurrency-to-legal currency conversions will be incorporated into traditional banking operations faster than expected. (Finance Feeds)